My (relatively) short term goal is to be financially independent by 35.

I visit and analyze the property, and estimate rehab costs (with experienced inspectors and contractors), add a buffer for unexpected repairs, and provide a financial model with an ROI comparison of a traditional rental vs. short-term rental.Any guidance/tips (positive comments only please) would be greatly appreciated!

I am 22 years old and just started working full time but my long term goal is to be financially free.For the short term I will continue to listen and read more books.

If I take a step back in the short term then so be it. 

It was a reverse mortgage sale and owners have turned over to bank and realtor assured it was clear title/deed with no special issues to work through like short sale etc.

This is a very well to do area, you must have connections in finance realm that might be able to get creative with the numbers, or personal connections that would be willing to ease the burden for you over the short term and get a cut of your profits on future flips where you stay within your profitable sweet spot.Your other set of possibilities are legal, and that is really something you need a good PA real estate attorney to pour over your loan docs to see what your options are. https://www.foxrothschild.com/gregory-j-kleiber/

Do you guys know of any avenues I can take to get a short term loan to fund the project?

Would your purchase price cover all principal, arrears and legal fees or was it a short sale?

We bought our SFH in Dec 2010 as a short sale for $425k.

As my colleagues explained, the short story is:there are no tax benefits from LLCs for rental propertiesyou may still want to create an LLC (or several) for legal protection reasons, not for taxesasset protection is for attorneys only, not for friends and not even for accountantsif your business becomes something other than rentals - then you might need an LLC for tax purposes, but it's a separate conversationGood luck!