I will tag you on the post.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Agree, STR are saturated but given the numbers, I expect unsuccessful players will leave the market.  

They had purchased a home in Waldo in March of 2023 and refinanced to pull cash out to buy the new home in Lawrence.

What is the experience with this program - Pro/Cons, watch outs, etc?. 

The power of real estate investing is owning the asset.

I rented a 4-bed house in Royal Oak, then got 3 roommates that I charged each 30% of the rent, so they covered most of my  rent.You can do the same if you buy a house:1) More rooms the better, if renting to fellow college students.2) Can YOU live in the basement?

If you feel ambitious, you could try a BRRR strategy adding additional equity to the subject home and then taking equity out of it to pay off either the HELOC or if you decided to the refinance the primary residence. 

The investors that have had these payments suspended have set-up a new Facebook page.

Have you looked into becoming a private money lender to put your money to work while you wait for your next purchase?