The Disney market is oversupplied with condos, making it challenging to achieve strong rates during a typical market.

House was barely passable. 3.0% interest rate.

During value add the value would decline if based on cap rate and NOI due to higher vacancy.  

I would suggest exploring a cash out fixed rate HELOC or fixed second.

@Damein White some great points by others concerning increases in rental rates and/or lowering of energy bills than a guaranteed increase in resale price.

As a lender, that is a much safer business decision than offering you a 5% interest rate mortgage, with zero equity.

I have only $45k left on the loan and can scrap the funds together to pay it, however, I wish not since the loan is at 3%, and I can use that $45k for other properties to not pay as much of the 7% interest rate loan I would need.2.)

This was 1982 and interest rates were approaching 18%.

However, there are pros and cons to this approach:Pros:Streamlined Operations: Property managers can integrate their systems more efficiently, leading to potentially better management and guest experiences.Experience and Optimization: They might have established profiles with good ratings and reviews, which can help attract more bookings.Cons:Loss of Control: If you stop working with the property manager, you could lose access to the listing and the reviews associated with it.Dependency: Your business becomes more reliant on the property manager, which could be problematic if the relationship sours or if their service quality declines.As an experienced STR manager, you're already familiar with many aspects of managing rentals.

Your landlord isn't going to pay any after hours, or weekend repair rates, and so you are most likely going to have to pay for those out of your own pocket, even though it's technically not your responsibility.