From what I understand, equity on a property is the amount of money a property is worth minus the amount of money owed on the mortgage on the property.At least one article has said that the principal remaining on the mortgage is the only component of the mortgage that is accounted for when determining the amount of money owed on the property’s mortgage when calculating the equity one has on a property.I am not sold on just factoring a mortgage’s principal into the amount owed on a mortgage because if interest is also owed on the mortgage for the property, the interest should be accounted for in determining the amount of money owed on a mortgage, correct?

Dan Hey Dan, sounds like you've got a solid plan.

Consult a lawyer to understand your rights and obligationsHonestly speaking, such issues are indeed very tricky!  

I read about it but do not fully understand it yet.

Hey Deepak,The rental market in SA is solid.

I agree with Konstantin.I am not sure about CA laws (they are not very favorable to landlords from what I understand). 

Pretty solid pocket it my opinion

Assuming I am understanding you plan.

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

We don’t fully understand why it hasn't dropped more."