I would prefer 4, but I have to make the numbers make sense for me and my current financial position.I attended a webinar last night from a veteran who's been in real estate for years and understands use of the VA loan.

Due to our love of traveling and hating the negatives that LTR brings along, we prefer STR and offering the same memorable experiences to travelers that we have experienced when traveling.

I'd prefer 30 year fixed rate debt at 7% over this arrangement unless there is something that I am missing.

That said, I prefer Chase since they have all the functionality you’d need. 

However, I would prefer if the property could support itself and not be a drain on my personal income.  

100% agree with @Collin Hays - find a local manager, preferably one not too large or not too small, I would say 30-90 properties is usually a sweet spot.

I do prefer having them take it to the bank tho.

The one you select really depends on your needs and bookkeepers preference.  

This convenience and leverage can justify the higher cost of these loans.Personally, I prefer using a HELOC because I only have to apply once and can then tackle one or two projects at a time.

My number 1 tip would be to go off market and find owner that wants to sell at a discount / prefers speed and convenience.