I think you really need to work with an agent based on what I am reading between the lines in your post. 

It would be a much better rate, it would be a fixed rate (not variable), and it would amortize over 30 years (no balloon payment).

I suspect anyone telling you that you need to tap into underground markets is trying to sell you a marketing scheme of some sort.

Quote from @Jamie Hora: @Jay Hinrichs Yep, the lift station was needed just because we were downstream of any sewer connection.

Hi Shelia,Yes, the coast markets are pretty fragmented when it comes to regulation.Best options for STR (in order):Lincoln CityManzanitaFlorenceRockawaySeasideIf you need local expertise, @Taj Richardson lives and breathes coastal vacation and investment real estate.

You need a price reduction.

Unless you are running multiple business operations (like a PM business, sales, contracting) the need for a master LLC typically only creates havoc for you. 

@Andrea LeeRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

As I am out of state, I need to find a property manager willing to manage it for me, and my agent's contacts don't manage college student housing.

The rules are not hard to follow and of course you'll need to plan for RMD's unless Roth but if you start a few years out this isn't tough.