Also, I would recommend using multiple platforms and not just limiting yourself to Airbnb/VRBO.

Any recommendation for a good insurance broker will be greatly appreciated.

Agreed Chris, That is a stupid high risk move, often recomended by people who  never point out the obvous downsides.

paying off the high interest loan?

@Brian Batista I would recommend reaching out to some local real estate groups. 

Hey @Michael Weleski I would recommend finding someone who is in your market doing flipping/renovations and partner up with them (get to/find a local REIA meetup if you haven't already). 

Thank you for the post; so much great information from the members on this site!  

Even with the high lease rent, I was still able to cash flow it.  

You could start with something that needs cosmetic updates rather than a full gut renovation to reduce your risk.Balancing Income: If your current job doesn’t provide a high income, leveraging real estate to supplement that could be a smart move.

The good news is that rents are high and climbing which supports a lot of the current properties but not some of what people are asking as @Jeff Rappaport has indicated as well.