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). 

Tenants will destroy it in very short order.

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.

Short-term, I'm planning on working with single-family homes to build up some capital. 

It had a short payoff of a year, with a balloon at the ending.  

If you are looking for short term / immediate income, I would recommend fix and flips, wholesaling or lease options. 

Ideally when complete you have a property with zero money into it and a tenant (or multiple short term tenants) helping pay your mortgage.  

@Mitch Deminski I’ll send you a pm shortly.