They are 14 hours from our home base.

Assuming you got a conventional loan and put 25% down, based on an appraised value of $365k you potentially could pull an additional $112,500 of equity.

Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

Based on what I have read in this thread, I believe the general consensus is "why".

Especially based upon incomplete facts.  

The new web features on Realtor.com and on Zillow that let you overlay flood, crime, and other stats over the Google street map may be helpful to you as well.

The right strategy succeeds if it matches the opportunities in those pockets.I hopped into STRs in 2022, bought another one in 2023.

But don't take yourself too seriously, make it a game you play for fun and profit.it is your job as an investor to get to their base-line price - you can only do that by asking questions and getting to the right answers.Questions: how long on the market and how - agents or FSBO?

So my advice to anyone that would care to hear it is, do not buy a property based upon a video since a video will not exactly show you foundation issues, and other things that only being in person can help with.

Therefore, I would ensure that the current NOI is accurate based on YOUR assumptions, then you can think about how you can increase the NOI by increase revenues or decreasing costs over the coming years IF you were the owner.