Holding the property should pay down the loan and give us tax benefits. 

(and depreciation & other tax benefits 🙂)

It really comes down to running the numbers and seeing which option offers the best balance of costs, monthly payment, and future flexibility.In short, a DSCR loan might work, but it may not be the cheapest or most suitable option if a second-position loan or HELOC can accomplish the same equity pull with fewer costs or better long-term benefits.

Another benefit of this option is that it would allow you to get a conventional loan at 3-5% down. 

It's a forced equity and appreciation play with the benefit of personal use and the hope that 100% bonus depreciation comes back.

For additional context, here’s a snapshot of our financial situation:We’re paying the mortgage on our primary residence.We have one car with ongoing payments.I anticipate it could take up to three months to find a new job.I’ve already applied for unemployment benefits (in PA) and am waiting for approval.I’d greatly appreciate any advice or insights.

Additionally, Gilbert and Chandler have emerged as strong markets for short-term rentals, benefiting from a combination of year-round tourism, a family-friendly atmosphere, and proximity to major attractions.

For no reason that will benefit you. 

Even 3x higher is worth the benefit.  

Are there any tax benefits from donating this land?