That’s $30,000 over the five-year hold.Just for kicks, notice the same value invested in a “high” interest savings account (earning 1%) over five years would earn a measly $5,000.That’s a difference of $25,000 over the span of 5 years!

Then, is your STR in a high-tourist area? 

I will suggest a conventional loan or an fha both to be owner-occupied - I will stay away from DRSC and commercial loans at this time due to the high rates.

@Jay Samudio great advice from @Melanie P.Also, in our 24 years of experience, a tenant that has to get emergency relief typically ends up behind on rent again very soon.Be sure the tenant cooperates with providing documentation explaining why they fell behind and that the problem is highly unlikely to repeat.If they won't cooperate and state, "none of your business', then what does that tell you?

I also have a primary residence with nearly a JUMBO loan at a high interest rate and I own a vacation place in cash (small trailer not worth much money but i also own the land) in a different state that I pay RE taxes on. 

You have an opportunity to start with a clean slate and hopefully choose the type of marketing that provides the most effective and efficient use of your money and time.That being said, there are plenty of program marketers selling complete packages costing $8,000 a month and up, with a 12 month commitment.

It may look like a cheap 3-4 unit, but if it is in a place that is known for high turnover or other issues, then it may not be worth it.

Highly appreciate you being willing to share the knowledge.

Is that a high crime area?

The duplex was expensive and with rates as high as they are, I was not able to save money house hacking.