It's infinitely harder and much more costly to scale a construction crew than it is to find people interested in buying a good deal (that you'll provide happily).

Would you rather set it and forget it and not need to refi again or rather take advantage of low/no closing costs on this loan and plan to be more aggressive on your rate at the time of your refi?

Given the latter costs, a corporation can be the best solution only if you buy multiple properties.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

It costs me $1,500 to evict a tenant with it usually taking two-three months.

The cleaning and repairs cost a conservative $2,000 because you did all the work yourself.

I would say it depends on the cost of the STR.

Like any investment, there’s a learning curve—understanding which properties qualify, accurately estimating renovation costs to pass inspections, and managing typical real estate risks.Having a reliable maintenance and management team in place is key to long-term success.

Whether the seller was open to a buyer commission or not, I wouldn't put an additional cost into any personal purchase.  

Pyment is $1,054, but $625 is interest.If you sold current house and bought new one with same mortgage amount, but current interest rate of 7%, the payment would be $1,663, interest amount $1,458.So, the interest cost difference would be $833 month!