. $300K as I put a hefty amount down through that 1031 exchange).Current offer on the table proposed by my broker:$600K Purchase price7 year lease with option to purchase within 3 years for an amount equal to $600K less what they would have otherwise paid in principal under under a 7% loan for the same period). 

Life can change so fast, you don't want to be locked in.....One year lease with incentivized options.

However, given the current economic climate, where interest rates are notably high, I'm concerned about the feasibility of acquiring new property in 2024 that would not only be financially viable in terms of cash flow but also suitable for leveraging accelerated depreciation benefits.

Plus, with a SF home, you have more options for renters.

Option: Start advertising it now and get an interest list.

A small apartment complex would be a good option also.

So it stops right there.Secondly you see folks bluster about specific performance on this site all the time and unless there is hundreds of thousands of equity someone is trying to get it rarely is a viable option. 

Proper Insurance and Steadily have always been solid options for short term rental insurance.

I've read articles about hard money lenders want to know is this a viable option? 

General rule is that you may get some things like improved general software interfaces, more experienced professionals (some people get REALLY specialized in certain topics, it's crazy to see sometimes) Also, the option that if you do have something unexpected come up, they might have more staff capable of handling it so you wouldn't have to move around at all.