For commercial multifamily, my personal preference is agency 10-year floating-rate debt. 

However, once we implemented technology a few years ago, even our local clients prefer to avoid driving and switched to doing business remotely.

Just my personal opinion - get a mentor or a person who already has good experience running STR business, preferably in your area (but not 100% required). 

If there is a choice to be made, it comes down to what an investor "likes" or prefers about one over the other? 

Feel free to send me your preferred contact details or schedule a time that works for you.Looking forward to connect! 

But it sounds like you should also balance your decision on what fits you and your families preference and style since you will be using it personally. 2.

Besides that, just wanted to chime in real quick - I'd highly check in with a CPA and I am no tax expert, so wanted to preference that.

This is my preferred means of purchasing rental properties for cash from the SDIRA. 

Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option. 

Given the photo of that fix/flip, I assume you're OK with a "fixer upper" or would you prefer a turn-key rental?