There is also no open house for this property, I would have to buy it sight unseen. 

Often times, they are renting until the can buy something whereas B class tenants are often renters for life.

If your LLCs do not file their own tax return and all of the activity of the property is reported on your personal tax return then you can sell as the LLC and buy as yourself. 

The best advice is don't buy STR's...

I focus on buy and hold, and currently own three rental properties in Albany so far. 

Never buy a Right of Possession, just never do that.

I was ordered to remove the unit, which I used as a home office, and the expeditor who handled the project had the order reversed, and the apartment was converted to an office by removing a bathtub, and a stove and refrigerator in the kitchen.

Our plumber re-plumbs entire houses for much less than that, and if it's a simple leak you can find, you could be done for a few bucks.The 80's were the era of pinhole copper, so there's always a chance that your supply lines are shot when buying a house from that time period, but it could be something minor too.

As a note investor, we rarely if ever originate loans for owner occupied, we would rather buy on secondary market at a discount. 

In the process of BUYING a PURE Option to buy a SFH subject to an existing loan (at a lower fixed long term interest rate)Let say the OPTION "Strike price" to BUY the property IF or WHEN the OPTION is EXERCISED is $300K The seller wants $60K to sell us the OPTION.