@Louis Zameryka if you’re considering a beach STR, and there is nothing familial tying you to Gulf Shores, I think you’ll see better performance year-over-year in Destin.

If you connect and PM me, I can share my document.Who's leaving and who's stayingDeparting tenant turns in keys and gives up all rights and responsibilitiesRemaining tenants take full responsibility for rent and the condition of the rentalSecurity deposit remains in place with you.

I think this is pretty common and helps townies remain with better financing available and or helps if they dont fall below threshold owners vs renters.

It's at 6% on 115 K and then get a HELOC on the remaining equity, arv is around 250k on the high end.But my dti is high so I was thinking about revising my previous years tax returns and paying around 15K to qualify for the loan.

up there,   the city council 'turned blue' in the last election cycle so some kind of regulations are probably going to arrive eventually.I do intend to eventually sell off my remaining seattle property,  but for now as its fully updated,  meets inspection rules, attracting good tenants and running smoothly its in the cash-cow phase of ownership and I'm not in a hurry to divest it.

My money is now tied up in this house, and I can’t continue to invest in other real estate.

The Austin market remains an extreme sellers market throughout the year.

All with in mind that closing date the addendum was tied to had passed. 

This has challenges, new and old, but they too will pass but your assets will remain. 

When you sell the POHs to the existing tenants (or new ones) you will recover the price you paid for them and you still have the same value remaining in the park.