I've been chasing houses and unable to close deals, so I'm trying to regroup and try another approach. 

I will be blunt and tell you that it sounds like your approach is a bit naive.

@Silas Melson, I agree with @Bruce Woodruff that a price per square foot approach is likely to be the least accurate and least useful.

I am wondering if taking such a risk would stretch me really thin or is there a safer approach to take.

@John MorganNice approach.

As you narrow down your REI type, try to do the broad review approach to see if you have the resources to do that type or scale.  

I’m interested in learning about buying and holding long term rental properties.But I’m in a really messed up situation right now and looking for suggestions what would be the best approach to my situation in order to scale quickly. 

Kudos to him for doing it, but his rules and his dogmatic approach is also the same thing that made Open Door Capital a horrible venture because they skip over being pragmatic.

Your best approach is to assume the loan in your personal name and explore legal and financial strategies to integrate your entity afterward.Feel free to reach out with further questions—I’d be happy to help!

I use the "profit first" approach to cash management and am VERY happy with what it has done for me. https://a.co/d/h16sPxR