Make sure to thoroughly research the real estate market in both states, taking into account things like property prices, rental demands, vacancy rates, possible appreciation, and income potential.

We are currently trying to book high-season months 2-4 weeks prior to check-in because we see the highest rates this way.

Instead, rates are increasing.   

Not looking to refinance due to the great interest rates  4% on 30 year loans but would have not talked to any lenders that will do HELOC's yet.   

It's also important to plan the timeline for each renovation aspect to understand how it impacts rental rates, cash flow, and property worth.

Are you thinking your response rate will increase?

There are options at 15% but they come with a much higher rate. 

NONE of them had the phone numbers right, even the best rated sellers.

However we are in a market with higher interest rates and prices haven't really come down.

I was thinking there was a reason as a landlord to do this and make it easier to adjust rates since you are probably going month to month.