To gain equity with MFH, I'd recommend doing modern renovations in the kitchen and bathrooms (like you said).

@Grace Hartman I don't mean this in a negative way but you're in this situation due to lack of experience, terribly high contractor quotes, or a combination.

(optional)Kitchen Remodel (2020): Updated countertops, cabinets, and installed new stainless steel appliances.Bathroom Renovation (2019): Added new tiles, modern fixtures, and a glass shower enclosure in the master bathroom.Finished Basement (2018): Added 600 sq. ft. of finished space, including a family room and home office.New Roof (2021): Replaced the entire roof with new shingles and added improved insulation.Landscaping (2022): Redesigned front and backyard with new plants, sod, and an outdoor seating area.Energy-Efficient Windows (2020): Installed energy-saving windows throughout the home.

The neighborhood has some of the most prohibitive zoning and strong demand, exactly the combination that leads to good absorption.

Those people overlooking what it means to “materially participate”Here’s the Material Participation Criteria:Spend more than 500 hours on the short-term rental businessDo substantially everything for the STR businessSpend more than 100 hours on the activity and no one other individual spends more time than you doSignificant participation activity for more than 100 hours, and your combined activity in all significant participation activities exceeds 500 hoursParticipating in the business for five of the 10 previous taxable yearsPersonal service activity (non income-producing) for three of the previous taxable yearsRegular, continuous, provable participation in the business for more than 100 hoursA Cautionary Tale: The Story of JacksonLet's take a moment to learn from the mistakes of others.

I am also planning more extensive renovations to modernize the home, which will further enhance its appeal and value.

I financed this deal using a combination of cash and a private lender.

Roth or traditional or combination.  

Even the usually-strong HML started to get flu due to local economy.One thing I agree for office it's mostly regional, so combination of asset and place location is key where asset survived or move to the bank.

I have all my properties with American Modern and Allstate.