I don't want to over leverage my properties especially with interest rates this high, it will eliminate cash flow.

My interest rate and purchase price wouldn’t allow for positive cash flow unless I charged an unreasonable rent—or put about $500K toward the principal, which isn't ideal.I’m a high earner, so I’m weighing my options:Take the loss ($60K-$100K), buy another house, and chalk this up to a hard lesson learned.Refinance, put more money into it, and rent it out long-term—even if it’s not immediately profitable.Invest my money elsewhere and try to make peace with staying here for several years or just move.Would love to hear thoughts from anyone with experience in real estate, financial strategy, or noise mitigation.

Although I am still new to real estate, the  strategy that seems most appealing to me is long-term rentals, but in regard to investing in real estate, I am very open to any other strategies in the business.

Regarding insurance, the only way we can get it is through the CA Fair Plan, and it’s steep.

The only reason I want to do a cashout refi is to get rid of my current high interest rate. 

Best regards,Shawn Questa

Upgrades included modern interiors, smart home features, and premium amenities to attract high-end vacation renters"

If not, I highly suggest it!

If you lived in a vacation spot that is open all year round and you can demand high values for nightly stays, then it makes sense.

The fact remains that his approval numbers are as high as they ever were.