Why do you think purchase contracts are so long and have such small print?

@Carter Mayberry, generally speaking no they can't kick the tenant out as long as they keep paying and living up to their responsibilities under the lease.

We are moving to get Sheriff to remove them.

YUp you can make a loan on a home the borrower is living in as long as the proceeds are for a business purpose.. but it is a fine line.. 

The logic is the same as what others have said, how long it you expect it'll take to get another booking.

The LLC has nothing to do with this because you aren't getting a loan to a new LLC as a new investor with no track record unless you have a long-standing relationship with a local community bank or credit union.It's good that you have boots on the ground in Birmingham, but I can tell from the way you laid it out that you have done research online and made a plan based on this.

As long as the property was ready (habitable) and available for rent (advertised for rent) then the property was in service. 

We currently have 4 long term rentals so this is the first time we will be working in the short term rental space.A few things about the property:1.

A few reasons to replace would be tenant would be paying for heat, lower maintenance costs long term, and no risk of water damage when pipes give out.Good callouts on ceiling but luckily, i dont have any popcorn texturing, thank goodness.

If you plan to keep it, and your seeking long term debt the lender will require a full appraisal.2.)