The advantages might be a higher ROI compared to my properties in Arlington and Grand Prarie   

It is a hot market all throughout the Grand Strand from the NC border (North Myrtle Beach) - all the way south to Pawleys Island.  

@DaLissa DearLooks like a grand opportunity to become that perfect GC for the Fort Worth Area!

There is another room with storage in the basement which is located directly across from the current washer/dryer which I could give access to the top unit to.This sounds like the cheapest way to maintain separate laundry, although the units would still have a shared space, not sure how much of a negative this is in the grand scheme of things.

I have searched so many areas such as Pismo, Arroyo Grande, Monterey, Santa Cruz, and more and I cannot find a place to start a rental arbitrage business.

If you are cutting loose early you might be able to do a grand or two.

Blackhawk, Boulder, Grand Lake all ok.

If it benefits you now, and a small cost differential ($5k in the grand scheme of things is not the end of the world)... even if the opportunity presents itself in 2 years, and you'd be throwing a bit of money away by refinancing before you've met your recoup.... you can look at it then and see if it's worth it.

I own several STRs in Grand County (Winter Park is in GC), though mine are north of WP a bit. 

Hello Everyone,New to STR and seem to have been spending nearly every night looking for possible STR properties in the Smokey Mountains (Pidgeon Forge/Gatlinburg) and Colorado (Vail/Dillon/Grand Lake) and analyzing comps using AirDNA.