Selling the property offers a significant cash sum, enabling you to potentially diversify your STR portfolio by purchasing multiple properties outright, fostering a more passive income stream.

if you're going to make a major purchase like this it has to be worth going there in person, potentially multiple times; setting up a team; looking at properties in person; etc.here's some good reading about what to expect.https://www.biggerpockets.com/forums/48/topics/1159104-overl...https://www.biggerpockets.com/forums/12/topics/1171104-the-m...

You can potentially find some good ones on Yelp.

Using a HELOC for a down payment on your first investment property can indeed increase leverage, potentially impacting your financial stability.

To caveat this, make sure you have strong conviction on the rent, and your ability to absorb potential rental drops.Let me know if you have any questions.

If you want to put more brain power into it and potentially make more money I think closer to downtown could be a good fit.

It allows investors to buy shares of high-value assets like real estate or luxury items without full ownership.Advantages of fractional ownership:Diversification: Spread your risk by owning fractions of various assets.Accessibility: High-value assets become accessible to more investors.Passive Income: Earn without actively managing the asset.Professional Management: Management companies handle maintenance and administration.Appreciation Potential: Assets can increase in value over time.

I'm sure they price the product is based on the potential returns if an investor works the program diligently.

It also drastically interferes with the ability of property owners to screen potential residents.As I’ve said, tenant screening is the most important thing a property manager does.

@Chris Lo not an issue unless deteriorating, which potential exposes people to the fibers and is thus a health hazard.Even then, all you have to do is properly encapsulate it, usually with paint and then put siding over it.What cities are you looking in?