Currently, we have them in a money market savings account, but I believe there are better options out there that offer higher returns while still being liquid and low-risk.I'd love to hear from other operators:Where do you park your reserve funds?

It's important to carefully consider your options and what will best help you achieve your long-term goals.

So I am considering two options:(1) HIre a contractor to hand off to finish the project.(2) Sell it as-is.If I go with option #2, obviously it cannot be a normal sale as the property is not habitable in it's current state, so cannot be mortgaged nor insured. 

I was wondering if I should use my own money or maybe use the rental equity instead... or there's even a better option.

I wouldn't be selling in this market personally, so if you don't sell the SFR and you really want to do this, a DSCR cash out refinance on the triplex, or a hard money 2nd is your only option to get the liquidity needed to make this move.

Typically these old basement slabs are something like a 3/4" thick slush coat of oncrete over dirt, and are sloping slightly towards floor drains which means the floors are not level, and the ceiling height can range a bit.

Hi All,I'm doing some STR research prior to buying a property to use for vacation rental and I wanted to hear from you all what are the typical STR monthly expenses?

Frinee,I do have the option of paying it off with Roth 401K funds, which would mean 0 tax implications.

Typically, if tenants need to vacate, the rent would be abated for that amount of time (just like a probate) until the time they are able to get back into the unit. 

You'll typically see them partnered with traditional Self Storage - meaning those Facilities offering Storage Units for folks to store their household treasures AND on-site parking spaces for Boats, RV's, company trucks, etc.