I had one short term rental that was granted a permit earlier this year and I have been operating it for months now as an STR.

Hi there,I’m currently on an exciting journey to transition from a Data Analyst role to becoming a Mortgage Loan Officer (MLO) in Texas, and I’d love some guidance, insights, and potential opportunities from experienced professionals here!

If someone has a 2.5% loan they ain’t gonna move get less house just to pay more in interest.

I wouldn’t want to hold the loan for too long, so ideally it would be a 5 year term, presumably ballon payment at the end.

the rest of the loan payment right now is coming back to you eventually. 

I'll be 45 next month.option A) Kiyosaki Model: Don't sell and run either long term or short term rentals through it for a year to show income on the property than pull a $300k mortgage on it to build another house in the same neighborhood... repeatoption B)  Ramsey Model, Sell it for $600k.

If you want more insights in the STR Market make sure to get our newsletter to stay up to date: https://www.biggerpockets.com/podcasts/short-term-rental that may be the WRONG question.  

@Nick AmDepreciation is a ZERO % interest loan.  

Agree - we are looking at a defaulted loan, sold for $400k in 2019 and then in 2022 for $950k and nothing was done to it.

I haven't been surprised by loan denials or push back on loans that meet their lending criteria.