You said you live in the house, so if it is for personal use only, that might play into the decision, and/or if you have a lot of room in the deal financially and have enough to pay for the higher priced, possibly better GC, that might be part of the decision also.In my experience, higher price doesn't always mean "better," but may mean more attentive and experienced and more and/or better resources (like better sub's, etc). 

If you find a new tenant, prorate any fees they pay you so you are not collecting 2 rents on the same day. 

Pay off the 700k bridge loan and you collect 125k of your 150k back so you'd leave 25k in.

We used the money to pay her car note off and did our primary home remodeling so now she's happy and on board for future deals.

It's been about 20 years since I have gotten a mortgage since I usually pay cash.

We use a YTD paystub and last year’s W-2(s) to calculate income several different ways:Hourly or salary income calculated to a monthly amountYTD income divided by number of YTD monthsYTD + W-2(s) income divided by the corresponding number of monthsIf these numbers vary too much, then we investigate and require an acceptable Letter of Explanation.Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment to make sure they’ll always be able to pay the rent on time.

I have 4 local STRs but pay a PM so my return is not significantly better than LTR.  

So she will not have to pay any rent and just utilities for the year.

We use QB for bookkeeping and accounting, and Relay Financial as our bank so we can automatically sort out a % for taxes and we pay those monthly/quarterly depending on what the township requires.

No experience with the 2 you mentioned, but I'm a fan of paying the year so I don't forget next month/quarter and the coverage lapses.