Alternatively, if there is no equity in the property do a friendly foreclosure between the LLC and you mortgage holder. 

I am building a vertical addition above the existing main level which would have vaulted ceilings OR alternatively the front half would be vaulted and rear where the bath/closet is situated would have flat ceilings with rooftop deck above.    

Pluses for Destin West: great amenities, very popular with guests, spacious and updated units, good rental potential.Some minuses: HOA is pretty high, beach access can be an issue for some guests.

Also, an alternative would be to put the money into an escrow account then once you have documents, verify legitimacy.

I am located in Venice, Florida and I'm in an area where vacation rentals are a popular choice.

These areas tend to offer solid cash flow, even for out-of-state investors.Regarding company structure, owning property in an LLC is a popular option here.

https://www.biggerpockets.com/blog/short-term-rental-loans-a...DSCR Loans: Terms to Know When Working With These Popular Rental Loanhttps://www.biggerpockets.com/blog/dscr-loans-terms-to-knowWhat’s Next For DSCR Loans?

Just because some people have popularized an unethical, dangerous and marginally legal/illegal approach to using a certain strategy does NOT make that strategy itself unethical, dangerous or illegal when used correctly. 

You’re going to be the most popular guy here if you are willing to help anybody with a question.

It seems popular with short-term lenders.