Too bad she'll also strip us of our ability to count depreciation against income and uhh, I don't bankrupt the country even faster than it's already being bankrupted

It does come down to your goals, your time to allocate, your business sense, your ability to bring or raise capital, and what you are trying to accomplish.I am personally not a fan of short term rentals, as it appears regulations in many cities keep making it harder.

Build the broadest ranges of skills, knowledge, attitude and abilities and become business lethal.  

All four of the options you outline I believe work in today's market and with the ability to refinance after a rehab, you may be able to break even or cash flow with an improved equity position. 

BP cosigns our ability to operate and vets us both on the phone and online prior to featuring us.

Following up, will this affect my ability to re-fi or do a HELOC/Cash-out re-fi?

In fact, only around 13% of U.S. veterans have taken advantage of the VA Home Loan, which is surprising given its incredible perks—like the ability to buy multifamily properties, no down payment, competitive interest rates, and lower insurance rates compared to FHA loans.

Also, ensure whoever you utilize does not have a pre payment penalty or its low so you have the ability to refinance after a year of stabalizing the property.

Plus after the 2 years, you avoid capital gains tax on the profit under $500k and get the ability to use your VA loan for your next primary residence. 

Thought Rentredi has ACH processing ability and you do not need to tie in your own...?