You can always write a long closing if you need more time but don't let the seller change his/her mind.However, I am going to offer an opposing view to the STR idea. 

Tenant was impatient, and wanted to calll someone who could come right away  - I specifically asked (in writing) my tenant NOT to call another service because my warranty would be invalidated if he did, tand he agreed (in writeing - this was a text thread).

My team and I dive deep into market analytics to provide our clients with comprehensive reports that guide them in making informed, data-driven choices when entering new markets and setting up their vacation rentals.Moreover, we prioritize a human-centric approach in our designs, ensuring that not only are the aesthetics on point, but the functionality and comfort lead to happy guests and consistently stellar reviews.

What we do is write a typed letter with a handwritten signature at the end.

That way when it is time to write a $40,000 check for property taxes in November, the money is sitting there waiting.  

Make sure this is done in writing and done properly, so there is no legal missteps that allow them to stay.  

LT buy-n-holds are not for wealth creation, not at any form or function of scale. 

Because of how my Schedule E is with all of the write offs, it throws off what I can qualify for.One thought I had was start purchasing under an LLC and have the LLC take out the loan.

I would look at both and write offers in both markets till you find a deal that works. 

Dan thank you for writing all that information out, that is a lot of stuff to consider.