Alternatively, put it on the market and give the tenants notice keeping in mind that showing times will have to be done with 24 hours' notice to the tenants.

Honestly if you are doing STR I would suggest doing Austin itself rather than all the way out there in Kyle - maybe a couple of years ago when the prices were through the roof in Austin city itself this would be a good alternative but there is a blip right now where you can get a god entry point in Austin (downtown/east ideally) for STR

I Can only realistically get $1600-$1700 a month renting my house based on the market.

This is a competitive sellers market at the moment with a lot of players working the MLS, you can get some nice base hits here and there, but I don't know of anyone that's hit a homerun buying on the market lately.  

I contacted ALE solutions on Friday through their housing request form and just resubmitted with a longer term minimum based on what you stated here.

To make the most informed choice, get a Cost Seg feasibility analysis (free) which illustrates the expected tax deductions and then assess how those deductions impact your tax liability, based on your tax profile.

- Would we be able to get funding just based on my resume?

Wife and I are both self-employed so acquiring a traditional mortgage is challenging based on our "on paper" income.

If the property is worth $400,000, a note buyer will base their maximum ITV Investment To Value on that value. 

Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.