Consider consulting with a real estate professional or financial advisor to help make an informed decision based on your individual circumstances and goals. 

However, with careful planning and preparation, obtaining financing is still possible.Keep in mind that setting up an LLC for your rental property won't directly impact your loan eligibility, but the experience you gain demonstrates valuable skills for commercial real estate investment.

It is much better than the 1% rule and the ability to pull equity will be very useful for my next play Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Overall, the rise of average daily rate and occupancy rate has slowed down, while the number of listings has continued to rise.All in all, the STR market is settling into the trajectory it was on pre-covid, not falling off the face of the earth.

However, multifamily properties may offer more considerable long-term rewards if you're ready to take on the challenges of maintaining numerous units and are interested in gradually creating a larger revenue stream.The optimal decision ultimately comes down to your own investment objectives, risk tolerance, managerial skills, and the particular market dynamics of the regions you're thinking about.

Readers should seek professional advice.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I hope that you can distinguish between those that are practitioners wanting to help and those that are professionals with something to sell here.

Without knowing your exact interests, skills, etc. that's what I would recommend.