Quote from @Gregory Chadwell: I wonder if having a lead filter installed on the property might help the situation too? 

Since Joe is not a registered lender, Joe is not held to the same standards as a lender and the sale could be a wreckless and poor activity by the bank putting Bob in that situation.

I've had to help clients deal with this situation at times.

And having reserves or cash flow is key - will help you absorb any unforeseen situations.

Maybe setting up for STR and looking into MTR since you have it furnished already, there is plenty you can do with your situation. 

It just so happens that a situation came up with family to do a private loan that will work for me at this time so I've paused working with Sal at the moment. 

Then without knowing your entire financial situation I’d probably prioritize getting that paid off over putting anything in a Roth or over and above an emergency fund in a HYSA. 

Since ALE hires a company to supply furniture, install washer and dryer but ALE is not on the Lease, this particular situation seems to be a loophole for companies such as ALE to not have liability if their hires cause damage not the tenant. 

I am very big on building equity, largely due to my career situation.

Stanley - I would suggest that you go have 3-5 conversations with lenders and understand how much they are willing to lend to you given your financial situation.