Other landlords were fighting with eviction moratoriums and non-payment, but we didn't. 

We could probably manage the payments without selling the cabin; however, it would provide significant cushion and allow us to pursue some other opportunities. 

MTR is a hospitality business, similar to the STR, more upfront cash, you are being thoughtful and intentional around how you present, offer, and welcome guests on the front end, plus the same leasing, monthly payments, maintenances requests as a LTR; but you a get a more money monthly. 

The INTEREST-only payment would be $1460/m with a $200K downpayment.

If it is your first, I would also review down payment assistance programs in your county that you could be eligible for.

Monthly extra payments?

When you are building a legacy to pass down to your kids and grandkids, asset classes that take multiple forms is critical to longevity.If you were a long-term investor of Blockbuster stock at one time you would have felt like this would last forever but stick to the fundamentals and invest in tried and true methods for the long run.

Quote from @Kevin Sobilo:  My leases state that any monies owed are payable "as rent" so that if they do not pay that damage bill I can simply choose to evict them for "unpaid rent" which is simple and cookie cutter.FYI this is not legal in Colorado. https://leg.colorado.gov/bills/hb23-1095 prohibits "A provision that characterizes any amount or fee set forth in the rental agreement, with the sole exception of the set monthly payment for occupancy of the premises, as "rent" for which all remedies to collect rent, including eviction, are available"As for the $600 faucet... it sounds like you just called up a random plumber and told them to install a faucet.

My only question would be are you open to implementing the BRRR method with this duplex or are you looking for something move-in ready?

I provided a 25% down payment to help create some cash flow and did my best to provide documents as quickly as possible to make it easy for the lender to close on the deal.