Hi @Eugene Carelli first off I would definitely talk with a real estate attorney/CPA so they can help you with your specific situation.A good amount of the investors that I work with choose to have one LLC hold a number of different properties.

No other major hurdles other than some weeks it's definitely a side job, getting new guests in, providing great customer service, cleaning/fixing the property.

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Holding onto it "indefinitely" would definitely be a possibility as well as my strategy is currently for long term wealth through buy and hold.

Definitely a little on the impoverished side, but I saw lots of promise with rental potential. 

I will definitely start looking into local RE groups in my area

At any rate, definitely do your research and don't base any decisions on what I have said.

Hey @Melinda PajakThe refi/exchange dilemma is definitely perplexing for a lot of owners.As others have suggested, the best step to take before anything else is to assess how your property is currently performing.

If the improvements made were substantial then I might also provide invoices paid to contractors as well as a scope of work to justify financing at a value much higher than my initial purchase.10% vacancy is definitely higher- if you've got a stable property that meets your markets rental demands then I would use your market's going vacancy rate (which may not be representative of your EXACT asset).

Nothing to add to the education piece but I'll definitely stay engaged with this conversation.