That will likely be around this rate anyways but give you more flexibility if you want to refi in a few years.

With $100k, you have a lot of flexibility in real estate investing.

Additionally, consider exploring hard money lenders, as they often offer flexible options for tapping into land equity, although they come with higher interest rates and shorter terms.Another option is reaching out to land-specific lenders or specialty loan providers who may offer land equity loans.

I’d like the flexibility of an STR but got comfortable with the risks of local government pushback because I can convert to LTR.

This gives you more flexibility while building equity and gaining experience.Risk Spread: More units mean a lower risk of vacancy impacting your overall revenue.

I think I could manage 15 or so properties if I had to with a full time job, but obviously need some flexibility in job and contractors you must trust. 

The seller retains legal title until the contract is fulfilled.Advantages:Lower Upfront Costs: You can avoid closing costs typically associated with formal closings.Control: You can take control of the property to make repairs and sell it while leaving the original financing in place.More Flexibility: Compared to a novation, a land contract offers you more control over the property since you hold equitable interest.Risks:Seller’s Cooperation: The seller retains legal title, which can complicate things if they change their mind or their financial situation worsens.Resale Issues: FHA buyers may require the deed to be in your name for 90 days before they can purchase, which could slow down your resale plans.Subject-To FinancingHow It Works: In a subject-to deal, you take title to the property while the seller’s existing mortgage stays in place.

Having  more flexible cancellation policies, having good reviews, offering discounts, updating listings periodically, not cancelling on people, etc

And some are reasonable at both of these things, but can't handle owner-occupied units, or multiple ownership structures, or lack the flexibility to track a real-estate related side hustle.

As long as you are willing to play the long game you don't really have a reason to be overly nice or flexible with this tenant.