In my opinion, I'd recommend to keep the property, considering it's location and the appreciation factor in SD.

@John Underwood - do you have any books you can recommend? 

I recommend connecting with an investor-friendly lender that can give you an idea of what you will be able to afford based on your DTI, credit score, and current income & assets.

I really am seeking out the financial education to make the best decisions and grow my late father's legacy for my children and family.

There are many many places to start-- and I'm sure you'll get a thousand recommendations from various people.

Understanding these rules is essential for investors seeking to capitalize on the short-term rental loophole while maintaining compliance with tax regulations.

Hi BP, Can anyone recommend a good GC for full gut or rehabs, with knowledge of city permits and regulations?

My buddy does dozens of renos out there, happy to recommend.  

I do not recommend putting cameras on the property.

Please keep in mind that we do not want recommendations for strategies involving financing, as we want to get some core holdings that produce immediate cash flow and not have that NOI reduced by loans at current rates in light of the current cap rates.Also, just FYI, we are in California and no way to get around that residency in time to reduce state taxes.