No one wants to be 10% short on stock when laying a floor and there is substantial waste just because of the different floor sizes and shapes.

I moved around shortly after that for work so out of circumstance, this house became my first rental property.

@Christopher Short.

I discovered BP through the podcast, which led me to a lot of material to listen and read through.

We’re trying to figure out how to avoid the short term gain tax implication of the sale since were in the highest bracket and that will basically eat into all of our profit.

Long story short get an appraisal in my opinion, even if it’s not a full appraisal 

I bought a property and ended up moving out shortly after due to unforeseen circumstances.

As far as managing your vacation rental that’s a phone conversation but the short answer is.... study your neighbors.

When I see it the amount is 12-15% but I see people in your position utilize that huge equity as an easy way to get private short term money from friends and family and then clean it up on your cash out refinance on the new property.At the same time look at your cost you pay for the existing loan vs a refinance. 

The plan is to purchase short term using Jet, do a little cosmetic work (they are in pretty solid shape), and refi based on rental history (all 4 2/1s currently occupied).