If they’re open to living elsewhere, keeping the property as a short-term rental seems like the more profitable long-term play.If you’re enjoying the self-management and the demand remains strong, I’d lean toward keeping this property as an STR and exploring ways to add another.

I'd start by giving all residents the required notice (usually 24 hours) and go inspect the units as quickly as you can. 

I’d rather have some of that in cash than watch it go down or sideways. 

I’d talk to some other lenders.

I'd be happy to answer any questions if you think that I can be a resource.

I'd weigh lightly on the 'trust' aspect.  

I'd be interested to hear others that have specific experience with them. 

I’m Keagan, a realtor and investor based in Indianapolis, and I’ve worked with several clients on value-add multifamily deals and have done a couple myself.For finding off-market opportunities, I’d recommend:County Tax Delinquent Lists – Great for uncovering distressed properties.Direct Mail Campaigns – Target out-of-state owners.Local Networking Events – Connect with wholesalers who specialize in multifamily.I’d be happy to introduce you to lenders and share leads if Indy is on your radar.

At the bare minimum, I'd run the pipes, wires, etc for later.   

I'd prefer a smaller "Mom and Pop" type company if possible.