While the bookkeeping will likely be complicated, is the accounting/taxation on this STR based on 100% STR income/expenses allocated 100% to business and general house expenses (mortgage, utilities, depreciation etc) pro rated between STR/personal residence based on sq footage?  

I dropped the rental rate last week and it is now below market rate but there are currently lots of active rentals on the market.

Finance with a bank that's comfortable with a long-term fixed rate mortgage in the LLCs name.

@Andy GibsonMake sure you work with a fee-only financial planner who is a fiduciary.

Right now I see a good amount of NPN's that were originated at 3-5% interest rates and are like 6 months behind.

I don't charge any deposit or cleaning fee. 

Regular property managers for single houses and condos may not be willing to take them.I don't want to self manage either.Do the tenants have a higher rate of default than condos and single homes?

Currently, Syracuse multi-family properties are yielding a 10 cap rate, indicating a strong investment opportunity, while in Binghamton, large multi-family listings average at or below a 7 cap rate.

There may be some dividends,  but not a ton and in the US have their own pretty favorable tax rate now.  

You usually pay an upfront option fee (around 1% to 5% of the purchase price), and a portion of your monthly rent may go toward the purchase price, helping you build equity over time.Pros: Flexibility: It’s a great way for buyers who might not qualify for a mortgage yet to secure a home while improving their credit or saving for a down payment.