Positive cash flow and low interest, i assume, long term loan is an enviable position that with time will produce larger cash flow.  

I would just be careful hopping back in now as interest rates and low inventory are making it very difficult if you aren't finding your own off-market options to buy.

One of our MTRs is in an area with extremely low supply that we've had a waiting list for it one summer.

Even if I were to rent it out on Airbnb, the cash-on-cash return isn't very attractive.Specifically, I’m concerned about:High mortgage payments and the financial strain it could cause if the property doesn't generate sufficient cash flow.Cash-on-cash return is low, even with high-revenue short-term rentals.My Questions:Risk Mitigation:Any strategies I can use to mitigate the risks associated with owning a high-value property with a large mortgage?

I have purchased the following books:ABCs of Buying Rental Property The ABCs of Property Management The ABCs of Real Estate Investing The Advanced Guide to Real Estate InvestingThe Book on Investing in Real Estate with No (and Low) Money DownWhat order do you recommend reading them in?

Strong job growth, low unemployment rate, and strong population growth.

Plus, house hacking with a VA loan’s benefits (no down payment, low interest) is a no-brainer.After a year, transitioning into BRRRR with single-family homes makes sense, especially since you’re working on your real estate license—it’ll sharpen your skills and help you spot opportunities.

Tenant quality is extremely low even in so called C areas.

These sellers paid much less than what the going rate it today, likely have no mortgage or low interest rate mortgage and do not need to push rents to market value to cash flow.They get solid returns at their current rental values, have minimal headache with current tenants and they don't need to do major repairs to get their properties sold for a solid value. 

Is there a way I can take on the current mortgage payments (at the low rate) and get a new mortgage to make up the difference between the existing mortgage and the current value?