Yes, you lower the price, your occupancy rate goes up.

It may vary from others' advice, and it will be up to you to determine what feels best for your needs.In your position, it is super smart to rent first. 

Was that purchase money, rate and term refi, or cash out refi?

If you've owned for at least that, you're good.If you do a rate/term refinance, where just the hard money balance is paid off, rates will be much better.

I've heard it first-hand.A mortgage person that understands income producing properties applies 75% of the rent towards your income.

First build a team, then build a empire. 

Thought about refinancing at the time, but didn't do it before rates exploded.

Also, I would factor in your interest rate.

Quote from @Joy Daniels: I manage short-term rentals in the Sarasota area, and I'm always looking for innovative ways to boost occupancy rates year-round.From your experience, what marketing strategies have had the biggest impact on keeping your properties booked?

I see this making it hard to scale.question: how come your rate is so poor?