Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Also, do you have the proper insurance to CYA in case something goes wrong?

But, I would still look into STR management or seeing if MTR can fit your desired lifestyle.

@Keri Win how much time do you think you'll have to invest to learn how to properly manage your rental?

Now that doesnt mean lowball offers arnt sometimes proper. Ive

Also, there's the added risk of being compliant with federal regulations & state laws as well as properly assessing/vetting both the borrower and the property.

.$10k STR rent on $1.3m property at 80% LTV  will be negative cash flow when properly allocating for all the expenses.  

It's your property, as long as you give proper, written notice, which is 24 hours in every state that I'm aware of, you can enter.

They have something at state if things aren't done properly.

Waco is a great rental market because there are so many blue collar jobs that provide consistent demand for housing (I have heard that 80% of homes in Waco-proper are non owner occupied) but there is a lack of white collar jobs that would keep Baylor graduates here or bring working professionals from Austin/Dallas.