What are you hoping to get out of the extra time, work and costs of having the LLC?

So I would suggest keeping your STR property geographically close and doing as much as possible to keep your profit% high as possible.As far as the actual house you use, I would just say - be honest, be fair and strive for the best area, most amenities, cleanest house, best communication, and any other extras you can get.

I would consider adding loss of rents coverage.

For added context, currently renting, no debt (aside from a car loan with about 25k left).

.: I think you made a mistake.Yes, you get extra money.

But if you want to use a conservative approach and use the extra cash flow to pay off debt versus further investing, I think that's a very legitimate way to go about it.

That might include things like adding units, converting commercial space to residential, or finding ways to boost income (like adding parking).The key is recognizing opportunities while walking the property, and that takes experience.

There is no additional "risk" on the note like a demand clause etc, but you have  extra expense in upfront one time costs and the pre-payment penalty that most programs are sold with if rates do drop as expected in the future.  

I focused on adding modern luxury amenities to increase the property’s appeal to the high-end market.

If you are a Dr. who is investing for extra returns and do not have a worry about Capex then invest the $300.