It’s smart to research the area's saturation on STR platforms to assess competition, pricing, and occupancy rates.

Hey @Johanna Abanes - I would start by getting in touch with local rehab clinics/hostels and let them know what you're thinking, they will be able to better guide you than anyone on this platform (most likely) 

I use PropStream and other platforms to find properties under market value.

If we held on to the home, and are able to establish a decent rent rate/month through STR or potentially even LTR, my thought was to then move forward with a cash out refinance with a 30 year set rate mortgage and only take out enough equity to keep the monthly payments at a rate we know will cash flow with our established rent rate/month. 

This is a great platform to meet other investors, realtors, lenders, etc. that can help build a team around you.

Since you're not keen on long-term tenants, STR on platforms like AirBnB is a great option, especially given Carlsbad's allowance for STRs in the Coastal Zone.

For me, If i could come up with the 80k I'd do it, and wait it out for awhile with a decent rate.

Buildium has been a fairly robust platform, helping us grow from 4 to 26 units over the past 4 years.

They were familiar with the whole life policy collateral structure and gave him a decent rate.

He sent a message on the platform apologizing and said that he was retaliating against me for presenting camera evidence of him breaking our house rules.