@Van Lam - I think your plan to finish rehab and then rent them out a higher market rents makes sense to do first.

I don’t think that is the person this sort of situation is meant for.

If you want the name of the agency we use, message me I don't think we can promote a company here that isn't a BP sponsor or Pro etc.Hope this helps. 

I think @John Burke's comments speak to that.

FHA will not use any short term rental data.Something else to think about - any reason why you wouldn't use a Fannie Mae loan here?

Meeting critical dates is the key to nailing a successful closing.

-Opportunity cost: A 7% interest rate isn’t great, but if you think you can achieve returns higher than 7% by buying another cash-flowing property, paying off the mortgage might not be the best use of funds.Now, let’s explore saving to buy another property:Investing in a Second PropertyPros:-Diversifies your portfolio, reducing risk if your Palm Desert STR underperforms or faces challenges (e.g., stricter regulations or lower demand).

As cheap as a $400 pool may seem, I would think a cheap pool is better than no pool. 

I think I'm around 3%, and I do not want to touch that.

Good writeup, I think you are spot on.