No need to examine where the proceeds went.If you don't redeposit the funds into an institution within 60 days of the indirect rollover, the entire amount is treated as a withdrawal and includable in taxable income.That 60 days passes quicker than most think. 

My STR's allowed me to scale my LTR portfolio much quicker than I would have been able to otherwise.

There could also be a fear of capital gains taxation changes for next year driving a quicker closing.

But one plus is getting dried in quicker.  

Quicker close and sometimes a higher earnest money, but you have to be careful with that on.

We then went through the standard eviction process by giving them notice and ultimately got them out about 4 months later.If you want/need them out quicker you may also consider giving them cash for keys.Good luck!

This strategy has helped me build my portfolio much quicker than going the conventional route.

Houses under $1200 per month go much quicker.

It could be done much quicker if I hire it out, but I'd like to learn more about the rehab process as well as save some money :)

Dave Ramsey would advise not to do this :)  If you have enough equity, another pro would be the ability to pay cash on a new purchase, which gives you leverage on negotiation, quicker closing, etc.That decision should be only after some reflection on what you business model/plan is.