In the meantime, maybe look into refinancing options for the short-term rentals to access some equity, especially if they’re performing well.

For your property to perform well, I would want it to rent for around $1800 a month to cover expenses and provide some cash flow.

So if your big into water sports, living in the desert could have all the profit in the world but it's going to be miserable hell and odd's are after some months the profits wont matter.

Try to get a cashout refinance to see what the bank thinks it’s worth and how the business would perform with debt.

Purchase Another Investment Property and Utilize a Cost Segregation Study:When you reinvest in a new investment property, you can perform a cost segregation study to accelerate depreciation.

@Harsh PoshtiThis will be dependent on the area and I would recommend you perform a market study to determine which project would yield better results and if either is even viable.

First, I’ll send my hopes and prayers to the seller that you can perform.

If someone wants to host MTR, STR, whatever, they should start their own management company, not try to use this model where they can make additional money off of an owner if a property performs well.

The big boys play this as a team sport, so think about what you need to know, who you can get it from and then go find that person.

For DSCR, it's usually slightly higher than the conventional route due to it only looks how well the subject property rental performs + credit vs conventional where it requires credit, income, assets to be reviewed.