Quote from @Carl Stieler: I am in the process of applying for a DSCR loan for a long term rental property through my Checkbook LLC.The loan company I am working with wants me to fill out an application form where all of the questions are targeted on my credit, my info for collateral and my personal real estate situation.

Different rent models (Long term, short term, mid term (furnished long term), rent by room), different financing (including assumable), different strategies (flip, buy and hold, value adds, development, etc), different asset types (residential, commercial residential, office space, industrial, storage units, business, etc).  

This will give you an idea of how to manage a rental and ideally build some long term appreciation. 

@Geoff Pope,If your goal is long-term portfolio growth, keeping the Glendale home as a rental won’t add much since your payment almost matches local rents.

Quote from @Jordan Swift: Hey all, long time lurker. 

I have a couple close friends out there - how long have you been in Missouri?

I completely agree with what Josh is saying here.He makes a great point that it’s difficult to see how this type of transaction could ever qualify for preferential long-term capital gains treatment.

I've got a few vacation rentals in other states, but looking to get into an STR in Metro Detroit since I have a few other long term investments in the area.

*sigh*I posted a rather long response to this to help clarify for the OP many details he didn't get right about the IBC, whole life insurance as a product itself along with it's mechanics, and alternatives/opportunity cost as a whole BUT it was blocked because I copied/pasted my signature line and I guess BP didn't like it (if you could hear me shout you'd know that I didn't like it either).Suffice it to say, when it comes to the IBC:a) Make sure you actually understand the concept (i.e. read Becoming Your Own Banker by R.

Investment also spiked in Class A Short-Term Rentals (STR) and investors started paying higher and higher prices based upon anticipated STR rental rates, that exceeded sustainability based upon Long-Term Rental rates (LTR).