Banks and CU have something called "High Cost" rules which means a mortgage under $75K generally is not large enough to include or finance their hard costs plus fee's.Some DSCR lenders offer a $75K minimum after down payment but rates are usually above 9.75% even with good credit and carry a 2-3 year prepayment penalty. 

I think the general consensus with todays rates and prices is that cash flow is not that amazing in any market. 

And we live in CA so our tax rates are high.

In my experience, the best rates and terms for home equity products are from credit unions.

Interest rates are really high compared to those of recent years.

Even at a conservative 8% cap rate the building is worth around $1.625M.

Less upfront costs and easier to manage.Most people see the nightly rates of STR and assume the net is higher, but that's not always the case.

Due to TCPA enforcement, my response rates on Launch Control and other texting platforms dropped dramatically.

Property is cash flowing and we have long term fixed rate debt.All good.

First, I would comp out what the going rate is for a 5/2 SFR in the same area where the subject property is in.