On the other hand, keeping the house could allow us to maintain an appreciating asset in a desirable location.I’d love to hear from others who’ve faced similar decisions.

Unfortunately, STRs as single family homes are still considered residential assets.

If your new debt fund needs assets to invest into, let me know -- we have them :)  @Beth Johnson: A few notes on your comment to this aged post thread to shed some additional light since you don't know much about us...Aloha Capital has funded over 3,000 loans since 2015 on nearly 1 billion of residential investment properties and to date has ~ 0.4% default rate.

This is NOT Business Credit.By establishing a separate corporate credit profile on the EIN Number (separate from the business owner's SSN/FICO), investors can access substantial business credit lines, capital for property acquisitions, and renovation funds without personally guaranteeing the debt.This approach creates a powerful financial firewall between personal and business assets while potentially generating a significantly larger (ROI) through reduced interest rates, increased borrowing capacity, and the ability to scale investments more rapidly.The education gap surrounding EIN corporate credit means savvy investors who understand and implement this strategy can gain a significant competitive advantage.

Your background as a licensed architect with experience in commercial and residential projects is an incredible asset, especially here where so many members are navigating construction, renovations, and design challenges.Out of curiosity, have you worked on any projects that were particularly challenging or rewarding?

Taking the earlier example, if you want to cashflow $120k a year, one way you could break it down is by setting a monthly target of acquiring one asset a month that cashflows $10,000.

Taxing authorities have had their eye on vacation rentals as a huge, new found pot of gold.  

For goodness sake, having to remove mechanicals in between tenants means you are buying the worst of the worst assets properties imaginable. 

If you sell, it will cost you a lot of $$$ Plus, you best asset is the interest rate.

I've always gotten a signed "authorization to release loan info" from the owner on record.