We do not do any short term, that might make a difference.

The borrower had short term bridge debt on each of the properties that was maturing in 2024. 

The reason for my question is because in our case, we bought our primary home and lived in it for 3 years before converting it to a vacation rental, which we have been renting short term for 7 years. 

But if they were public I would, in the words of Steve Carroll in the Big Short, “short everything that guy owns.”

Partially because of the age limit, but also, no last minute bookings, no short stays, etc.....

Short-term rentals can do better, as can midterm rentals. 

Trying to rent out a $1.4 million house is unlikely to cash flow positive as a long term rental - a lot of people in CA are doing mid-term or short-term rentals. 

At first I had a hard time trusting -- the prices it set for high-demand periods seemed impossibly high, and the prices for low demand shoulder seasons seemed way too low. 

Make sure to get a sewer scope if you're still in inspection period (option period).

If you are short on funds, consider a HELOC on it so that you avoid changing your current rate.