However, this recommendation could change based on specific interest rates, your personal financial situation, and long-term goals.

In real estate (and life), the "under promise and over deliver" principle is crucial for building trust and fostering long-term relationships.

You wouldn't buy a long term rental with 20% down in NYC or San Francisco and expect it to cash flow.

I guess it’s a non factor. 65%-70% really doesn’t matter as long as the $800k cash out happens with a new $1.1M loan.

I had a long conversation with my PM last week stating, I would like this to be resolved asap (either payment or quick turnover).

Seminole for Example has a lot of great traffic and tons of spots to eat, drink, socialize for adults and kids.I know Cape Coral is picking up in terms of STR's with the complettion of the 7 Mile Island and more construction lately. 

They have very favorable terms built into their agreements.

The property has an existing long-term tenant and is cash-flowing.

You can best cash offers at least half of the time if you are creative with terms. 

How long is this going to take to return it?