First, the three (3) Private Letter Rulings will likely not be directly on point, so there will be some inherent risk in that you will not be able to follow the Private Letter Rulings exactly as they were issued.

@Chris KittleI was not directing it to you but many vendors push elaborate schemes and use fear tactics to sell some of these strategies.  

Risks include market fluctuations, property damage, tenant issues, and unexpected expenses.

If not, paying off the STR could leave you vulnerable to unexpected expenses or downturns.

If you need further help, DM me, and I’ll point you in the right direction!

MLS-listed deals are a bit harder to find, so investors here have had to get more creative in sourcing deals either through their own hustle (door-knocking, website, direct mail, driving for dollars) or finding good wholesalers to feed them deals. 

Quote from @Spencer Thomas: Quote from @Dominic Mazzarella: Quote from @Spencer Thomas: View report*This link comes directly from our calculators, based on information input by the member who posted.What do you all think of the deal and how I analyze it? 

I'll message you directly to see if you want to talk more.

Property manager and assistant property manager (as your direct contact)cheap, fast, and good - typically you can only pick two

Another possibility is a cash-out refinance on your dad’s house if it qualifies, which would tie the loan directly to that property.