What course of action would seasoned investors take in this scenario?

Hello Clay, if you want to get a loan on the secondary market there is a 6 month seasoning period unless you do a delayed financing exception which I will not get into here.

In that case the differences between evicting a tenant in a furnished STR with all utilities paid and far greater more variable/seasonable income streams is (IMHO) a far worse situation than a traditional LTR (where you’re at least mitigating some risk via expectations of standard background, credit, and past landlord, etc checks. 

Our tourist season is short and heavily dependent on Yellowstone National Park.

If the summer rental season is lost or severely impacted, there will be many owners with equity needing to raise money and not many qualified buyers.

I had an 80% LTV 30-year fixed loan locked in prior to all of the coronavirus craziness when the portfolio lender involved stopped funding at the 3 month seasoning mark.

Also, I would buy now because if everyone (ibuyers, REITs, New and seasoned investors, etc.) is waiting for a few months to buy, then you will have much greater competition then.  

No way, but they more than cover the mortgage and we limited our downside risk while still keeping the upside of having them available for short term stays come this summer (peak season). 

Which I was learning towards but just wanted to hear from more seasoned investors.

At the end of the day, be confident, be a sponge, learn whatever you can, and don’t worry about what seasoned agents think, just do the work.