Did it work out for you?

Also, I'm not sure how your numbers work out..Take a look at my post here, being a real life example why selling CAN BE much more cost effective than re-renting your personal residence:  https://www.biggerpockets.com/forums/48/topics/1169308-equit...I personally wouldn't have a rental with a pool because of the liability.As far as reinvestment, that depends on you strategy and goals. 

I know it is a great area, however, and it would be great to find a way to get it to work out.

You may marry someone in your 40's who has kids ( been there, done that ) Have a professional work out scenarios for you so that you can make a better informed decision and best of luck with whatever you decide to do. 

Kitchens workout to be something like min of 4 circuits: stove/oven if electric, two on the counter (we have microwaves and toasters), the lights have their own circuit, the range fan maybe---- okay... thats more than 4 and I don't know, that's what my licensed electrician is for.Oh, is there a fuse box or circuit breaker panel? 

I'm focused on the STR strategy as I would like to benefit from the tax advantages that it offers but understand it may not work out.

Make sure you sharpen that pencil when doing the math on the property just to make sure your numbers work out.

Ideally you can start with a smaller project and if they work out then move them on to whole building reno. 

I was chatting with another local bank, but that may not work out since their qualification of loan is on my W2, not on my asset.  

So in my case, it made the math not work out, so I passed up on the opportunity to buy in La Paz, Mexico.