On paper cap rate looks good and I've heard there's a hot rental market, but not sure about in practice and what quality of tenants we could expect.  

5 star ratings are significantly dependent upon your cleaning crew.

I come up with another vehicle to fund the 25% that I would still owe grandma.

Wethink it’s important as it allows us to check for Non-Sufficient Funds (NSF) issues and to determine if anapplicant is living paycheck-to-paycheck.

When rates come down, you can refi whatever loan product you used to lower your rate.  

Is an SDIRA my only option if I want to use the funds for investing in real estate?

Rates and terms are generally more favorable. 

They keep track of my inventory and go and buy supplies when needed.When you select an offer from a cleaner on Turno you get to see the host rating and the Airbnb guest rating for cleanliness, so that helps you make a choice.

Jonathan will be speaking at BPCON on a panel: How to Flip Properties: The Right Team, Right Price, and Right Operation with High Interest Rates or Out of State if you have any interest seeing him live in action! 

@Yesenia Martinez - yes, you should be able to cash-out refinance and use those funds to purchase another property.