Last year was a slow year for airbnb and I was considering switching it back to LTR but this year has been high occupancy and bringing in $3000s in summer and $2000s in fall/winter, huge jump. 

Look for a local REIG, focus on your local market, start slow and find local investors that are willing to help you get started. 

I have called lenders, and they say either they're renting them out, or they don't have any REO.Since lenders can often be slow to respond, I stopped looking at them. 

That mindset can really slow you down.

I'm definitely the "play it safe" type, which is why the buy-and-hold strategy appeals to me, and because this is all new to me I want to "start off slow", but I am open to hearing thoughts on other options I could consider as well.Put simply, if you were in my shoes, what would you do with that capital and now with one property under your name (if buy-and-hold is the most appealing strategy to you)?

Collin I did a whole slide deck presentation to a few reias back in about 2019 calling it the pivot I thought we were going to see the 10 year cycle start to level off and things slow..

Agents and lenders I've spoken with have mentioned the possibility of a 203K loan, but my understanding is that they are a huge PITA and slow. 

More and more people were speaking up about projects exceeding deadlines, ignored withdrawal requests or delays blamed on COVID, family problems, city slowness, ...Instead of taking responsibility, Sief decided to play the victim card and blame everything on Brian, who most of us never met.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

In fact, the last job I had was very slow at times so that gave me time to work on the RE analysis and managing the properties I already had.