This can get complicated if you are racing against time between getting it sold versus the banks take over.Can you get it sold at a high enough price to pay off the mortgage or is the owner under water?

Replies are highly thanked. 

I have a home that is an STR in a highly desirable tourist destination.  

You can reach out to your local (state) Self Storage Association, peruse topics on You Tube, and certainly many, many forums here on Biggerpockets with quality folks & quality content.Regardless, of how you piece your learning together, everything (soup to nuts) for an Acquisition is either FINDING a lead, EVALUATING to determine if it's a deal, now you're in the PURCHASING phase, and after you close, now it's all about MANAGING.If you think that at times it makes more sense to build than to buy, then you'll want to learn about Development & Conversions.  

Let's assume you did put a high down payment, on a refinance lenders will cap you at 80% of the new appraised value, leaving you with little to no money on a cash out refinance.

La Crosse is a great place to start investing with 4 local colleges, 3 major hospitals, and several large companies there is a high demand for rentals.

I had a high rise condo that I was able to lease for a 35% premium as a LTR FULLY FURNISHED.

the loan before June and stop giving moolah to this bank. 8.675% is too high anyway.c.

Residential commercial (5+) has peaked IMO but with the housing demand so high and prices stabilizing, more people are being pushed towards renting which should keep your vacancy rates low. 

I live in a resort town, with a lot of second homes, so the market price for an average home is already pretty high.