His good customer service convinced us to go with Kiavi over two other vendors offering similar rates.

More opportunities for good deals on the horizon and hopefully interest rates will continue to go down. 

Subdivisions of build to sell are favorable to local SFR landlords because more rooftops means more retail and dining, which makes a more desirable rental area. 

I have to think about how to go about this.

So if your using margin at let's say 12% interest rate, to do the mentioned S&P gaining at 8% or heck let's say 10%.... congratulations you just found a neat way to go a couple hundred thousand into debt.

In your case, perhaps ask your spouse to go along with starting small, to get comfortable with things and test the waters. 

Yes the property is 100 % ready to go and set it up for STR already and seems like the property has been well taken care of so if I take over, it shouldn't be a problem.

NO debt NO debt NO debt on rentals is the way to go as you mature in age as an investors.

It could be a good option if the investor strongly desires ease and passive style.

However, if you elect to go this route, just make sure you've analyzed your portfolio with your insurance agent to make sure you can afford these deductibles when it becomes absolutely necessary to pay them.I hope you find this useful.