Work where you have the best opportunity to fund your real estate goals.

That said, 20% seems to be the going rate for STR prop management.  

The best thing to do is contact the county tax assessor explain the estimated purchase price and ask how this will impact the annual property taxes.

I’m currently being put on my parents feed.Now, I want to get a loan to pay off their balance $45k, get a lower interest rate (and yes it would be lower, believe it or not theirs is 9% and has been for years) and pull money out for some debt at this point I only want to pull out $20k.Obviously, there is equity.What’s the best loan for this?

Best of luck and feel free to reach out if you have any questions!

thanks Hey Jay, I'd recommend going to interview with a few different firms to see which one has the best deal for you.

IF it's a rate & term refinance, we have no seasoning what so ever. 

Create a Solid Business Plan: Outline your investment strategy, including expected rental income, expenses, and occupancy rates.

Your best move is to get everyone on the same page with whatever decisions are made otherwise you will never be able to take the next step.

Best of luck with your journey!