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Congrats on that, but let's correct some things.

1) Make sure STR is allowed. 2) Get more and the correct forms of insurance to go with your umbrella policy. 3) Skip the LLC. 

BP is far better in that realm of how to actually communicate with folks..

I discuss from the lease signing how I value "communication and cooperative" over trivial things like collecting a late fee.

Keep this in mind when structuring your deals to communicate to the seller how much cash they can expect in their pocket at closing. 

There were at least 6 or 7 prospective buyers in the basement at the time and not one corrected him.

What are my options for correcting this situation?

However dependent upon taxable income you could get away with a pretty low tax bill due to favorable capital gains tax rates.Be sure to work with a qualified intermediary and a tax professional to ensure you comply with all 1031 exchange regulations and to be sure you keep basis correct as all a 1031 does is defer your gain.Happy to help run some numbers or do some basic analysis for you if you would like. 

Also real estate prices have gone up and looks like slight correction in this market but prices are still high.