That's the opportunity.I also recommend engaging an 'investment focused' realtor (not the general residential ones) to guide you through the process and provide you with market intelligence. 

At a 7% annual return, this could grow to $908K after 10 years, providing immediate liquidity and diversification.Alternatively, holding the property could yield $825K net equity after taxes in 10 years, assuming a $900K sale, with the potential to defer taxes via a 1031 exchange if reinvested into another property.

This strategy aligns well with the buy-and-hold model.Leverage Local Expertise: Partner with professionals like real estate agents familiar with rental markets and property managers who understand tenant needs.

Personally too, I look for the best quality and always provide that to all my clients.

A cash-out refinance on one rental could provide liquidity while keeping rates reasonable.

Provides a lot of content on what to consider when buying an STR.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

Are you looking to quite your W2 job--STR might get a leg up because of the STR loophole in becoming a real estate professional? 

However, the concept of a virtual office is a very useful tool that provides a professional fiscal and commercial address, as well as additional services such as mail handling, meeting rooms, and phone assistance.