Ideas on how to buy New running Well STR. Owner needs to Sell NOW

[Crystal Flower]

If you got any ideas, I'd really appreciate it.

My ex husband and I started this STR. It went live May 30. We received 13 bookings in 5 days. June July August are booked almost solid. It seems to be well on its way to succeeding as a STR.

My ex husband needs to sell NOW and really wants to also walk away with some cash. Due to 2 1/2 years of a family illness, we both are tight on cash.

I would like to buy the house. I think we still fall into the arms length category. He could gift me some equity. He can even help with closing costs if needed. As of July 20, my credit score should be great.

I can either keep it going as a STR. I've talked to lenders about DSCR loans but it seems hard to prove future income and home value for the Loan to Value. Our STR seems to be doing better than the ave.

OR I can live there and house hack it by renting out 3 fully furnished rooms. It's pretty much already set up for it because we had to get ready for the STR. Due to the 2 1/2 years of taking care of the family Illness situation, I have not had 2 years of W2's. I am job searching now and running the STR.

I do not know anything about house hacking loans.

Does anyone know of anyway that still makes sense for me to get a loan and buy this already running STR?

Thanks for any help

[Jules Aton]

Unfortunately in my experience STR isn't valued as a business. It sounds like you would be best served by purchasing from him as owner occupied and then pivot as indicated. It's a shame he isn't giving you more time because the STR sounds promising although I would raise my nightly price if rented that quickly.