I'm especially interested in hearing about how you've made a PMS geared more toward STRs work with MTR billing and leasing.I do remote operations support for an MTR/LTR company in Denver and am assisting with our tech stack build out. 

Quote from @Catherine Ding: My PM company is offering to do it for a high fee of $100/month so I'm trying to find alternative options.

Now he has sold the company and is more of a flat rate charge based loosely on how long it takes him to prepare the return.

If you do sell, think about where you’d put the money, whether into more passive investments like index funds or REITs, or possibly diversifying into a different market with better opportunities.If you decide to keep renting, you’re in a pretty solid spot right now.

Do you have a property management company you use? 

Or hire a PM company to manage for you?

For property management, choose a company with a good track record in STRs and transparent fees.Happy to connect with anyone looking to share insights!

There is one city where I rent some houses and almost everyone that calls ask who the PM is and say they won't rent from anyone that uses X company as their PM.  

You could use the sale of your primary and the sale of your investment property to fund the purchase of the land and the beginning of construction. 

Meaning that if you fund a $5K EMD and then decide not to close you lose the EMD, or you pay for an inspection up front and risk missing out on the deal while you're waiting for the report.