I'm not sure it would work in the way you're thinking in the mainland because lending/liquidity is difficult here in this current market.

I'm hoping to learn a ton, ask questions, and help where I can.Outside of real estate, I enjoy backpacking, my family, soccer, and travel when I can make it happen.Excited to learn and connect with you all!

Currently I do have two other investment properties in the Northeast and want to continue to acquire more but also want to take advantage of the lower cost of homes down here in the Houston area.

@Jesse HepburnThis is a tough situation, but I would not be trying to do seller financing with them, and an influx of cash from a sale is most likely not going to be beneficial for them in their current situation.

I am planning to leave my current brokerage. 

My property is currently my primary residence. 4) Can I even register the property as a rental property when it has some serious code violation issues that might affect the safety of residential use: such as electrical issues, roof restoration, etc.? 

Our current lease, based on a template, prohibits subletting, so I’m not fully aware of the pros and cons of this arrangement.

Currently, I don't manage a STR but we do manage our LTR ourselves (I know there are plenty of differences) and as we are currently looking for a STR to invest in, we would do it ourselves.

There is really no wiggle room for reconfiguring layout— and not worth simple hardware missing (in my opinion).here is a photo of the current setup.

currently own a cabin worth about 400k.