Keep in mind in VT there is a state capital gains tax, separate from any IRS taxes. 

Not waiting doesn't mean you have to buy, it means you keep learning, looking, and seeing what's out there.

I should keep looking!"

Of course there are probably factors I'm not considering and lots of variables, but hopefully the primary question is clear: keep a lower mortgage on one's primary residence, or use as much equity to get as much cash flowing REI as possible.

Never mind that I have never had a problem with any landlords prior to dealing with this bum and always pay rent on time and always keep photo evidence of leaving properties in excellent condition. 

All Cash Flow Vehicles High Dividend StocksStock OptionsMortgage NotesReal Estate Debt InvestingLong Term RentalMid Term RentalHigh Yield Savings AccountI had the same amount after I sold off most of my rental properties and paid everything off, now I do all the above. 

So you can keep that in mind when you find someone that handles STR.

I'll keep it short.

If you're unsure of your next course of action or want to wait for the market to improve, keep developing your cash by investing in real estate flipping or other profitable ventures.

Of course, since they put down a substantial option fee they are more likely to keep the property nice.