Rates are generally higher on interest only options and the difference in payment isn't that huge from a 30 year fixed option

I would have the option to buy the home in 5 years for $1.3 million.

You may be able to find deals in areas that aren’t doing well, but if you can’t dispo them it won’t matterDiverse Pool of BuyersYou’ll mainly be selling to investors, but having a diverse buyer pool gives you more options in terms of exit strategyRegulatory Environment Low regulatory markets can help keep things simpleKeep in mind that regulations change quickly in many areas, so it's important to keep and eye on your markets for changeThings to consider; rules regarding holding a license as a wholesaler, probate laws/processes, STR rules, etcStrong Rental MarketThink from the end buyers POV.

Long story short, gives you a lot of options and depending on a value add play and negotiations, it won't take as much money up front that could be used for renovations.

I recommend talking with an insurance broker to work through all your options with coverage.

A DBA would be a cheaper option.

See what your options are and make a decision with legal assistance.

In my opinion, the second option is a better approach.

We jump between 3-5 as pricing fluctuates.4 - Commercial Grade furniture - Wayfair (and many more) offer commercial grade options. 

The selling option on a short term property, for me, is paramount to going to the casino.