Purchasing the LLC gives you ownership of the property, but it also opens you up to additional legal exposure since the entity has been active, and there is no way to really know for sure what else they used the LLC for.

The second company had a PM contract and due to other reasons we did not continue their services after a couple of months so tax stuff did not arise.

PM is a service business and time is very valuable.

But her company, like so many, has whittled down their actual service to the point that they aren't really doing useful work, just enriching the CEO.

If so that's a big additional risk for the buyer.

I would be very careful in working with a 1031 Exchange Qualified Intermediary that provides ("sells"0 replacement property solutions as part of their services. 

Once you’ve built some confidence and systems, you can start exploring additional markets.I personally focus on 2 markets that are about 20 mile radius.Make sure the market(s) you choose align with your investing goals, whether that’s cash flow, appreciation, or both.

Refinance into a debt service loan.

These are professionals with additional training and a stricter code of ethics.

Not every STR has to be a 4 Seasons and even those I've waited on service before and it's not like someone was breathing down their neck waiting to revoke their hotel license when it happened.