I own 2 doors and would love to help you get started.

To intentionally reduce the leverage more than required is a foreign concept to me.Best wishesDan, financially you are, of course, correct.  

I'd be happy to help you run the numbers to see if it’s the right move for you!

Are you finding more investors turning to private money lenders for quicker access to capital?

Quote from @Henry Lazerow: They eliminated the co-op to make the home more affordable?

While it's a great spot with a ton of tourism unfortunately, it seems the hotels view STR's as competition and have helped to encourage the strict regulations.

If you want to chat more about the specifics or run some numbers, feel free to reach out—always happy to share a cup of cofee (even virtually).Cheers,Pat

Give it a read (Or put it through ChatGPT and have it summarize it) and let me know if it helped!

As noted above by Chris, they'll be able to help with the offer process and provide a sound purchase and sale agreement for use. 

Personally a cash-out refi could help me get more quickly into all-cash BRRRs or a REI venture in Spain, however I don't know to what extent this is at the expense of rental cash flows, and what is the wiser decision long term.I've combed through posts online and looked for Excel templates to run some calcs and get a sense, but nothing really filled the void...