I know that many in the bigger pockets community are more the DIY type and self-manage, but for those of you who have used property managers for your short term rentals, what have been the pros and cons of your experience?

This is just the price of the option and I prefer the term because deposit often carries other definitions and expectations.

In terms of do you sell now, there are a lot of questions:1.

Best bet is to contact your trusted lender or other financial institutions to compare offers to find the best interest rates and terms that suit your investment strategy.  

What are the lease terms; 3 month, 6 month, 12 month.

This enhanced financial profile may lead to better loan terms and lower interest rates.6.

The downside of this strategy is that the borrower has some leverage to negotiate terms that benefit them in exchange for the Deed in Lieu.Plan executedGiven that we had ruled out the first two options, it became clear that we were going to end up taking these properties back along with inheriting any accrued liability.

This house is also located in the ideal location to be a weekend/short-term rental.

The money needs to be kept in a 1031 account until you find a replacement property.Holding money in a treasury direct account is good for short-term.

My wife is still hesitant about long term tenants, but I think she is coming around.