Markets like Taos, and Santa Fe have a higher barrier to entry and when running numbers, you will be hard pressed to find a STR that makes sense.

The police told my tenant that I would have to press charges but when I contacted the police they informed me the people did not break the law.

Depending on where you're at in the contract, you may be able to ask the seller for an extension to accommodate the additional processing time needed.If you press hard, you should be able to set up an LLC and find a commercial lender that can do the loan within a week or less and then you'll need 30-45 days to close (probably closer to 30 if you find a good lender).If the intent is to hold the property in an LLC, you should start with commercial financing out of the gate.  

It's nice to have a plan but you need to realise the hurdles you will face, finding the homes, finding a seller that is willing to finance, finding renters, maintaining the homes.You will be very hard pressed to actually find all the individuals necessary to complete one deal let alone multiple deals.

She can usually light up a room and talk to anyone when she walks in.While she is gone I am taking off the interior door knobs and adding French style so she can just press down instead of twist with her hand as the arthritis makes it hard.

Make sure you get one of the first copies off the press.

When pressed I just say what my concerns are and tell them it's not personal, its just a business decision.

At $1,200 per month rent, that tenant will be hard pressed to find a home of equal quality for the same price, as with 5% down they'd need to buy a home for $180k or less.

The deal still works at the lower value, and I'm honestly pressed because I need the cash for my next project starting next month.

They get zero press here on the forums (saw it only mentioned once ...good review) but I really like their robust features and they are affordable for me as well as the tenant (background check price is reasonable and on par with my market).