(Another option to the above scenario is to instead have the LLC lend my father money to complete the rehab so all the repairs are made in his name...but then the LLC would get no tax deductions on the rehab, plus my father would wind up paying interest on the loan and the LLC would incur taxable income on the interest of the loan as well.)I've said a lot here, but It would be greatly appreciated if anyone can give me advice on the best strategy to pursue...Thanks!

If he accepts my offer of 150k cash then 6% goes right off immediate leaving him with 141k minus 94k loan to even less.I’ll update after tomorrow.

view=qvI then used rentometer and Zillow to try and get an estimate of the rent I could receive for the property.

They might not pay STR rental rates (ie they wont) but they will pay more then typically long term leases for flexibility on lease terms etc. 

If you were to self-manage one property like this like a hawk then slowly add another and another, ideally down the street from where you live, doing all the maintenance and repairs yourself in order to avoid losing money, then that could make sense. 

I was overly confident, and then the market changed. 

If the property is in NV then you may be a bit limited in choices as they have stricter licensing requirements than most states.

Sales volume in the GNO area typically peaks in June, and then demand begins to drop.

I actually did get someone, but then they tried to hustle us with a wayyy lower price when he went to pay

Let them live in it and pay me a rent for a while, And then, offer to sell it back to them in 5 years at $1,000,000.