But I like that area and think property values will be worth a lot more in that neighborhood 10-20 years from.

Definitely helpful because it gives me insight on what to watch out for, and what to learn more about.

We knew this was our chance to step in and help him out of a tough spot.

I believe one way to help combat that is buying a newer home or even new construction (which most are offering great incentives right now).

Which neighborhoods in Baltimore are you currently investing in? 

Hi Nancy, I handle the northern part of the Jersey shore and may be able to help you with STR properties.Have you looked at any towns in Monmouth or Ocean county yet? 

But if you need more cash in hand now and can handle the higher fees and reduced cash flow, option 1 could make sense.As for shopping around, it might be worth getting a few more quotes, especially if you think you can find something that combines the best of both worlds—a decent LTV and lower fees.Hope this helps!

Hope this helps.

Thank you for your help. 

I hope this helps!