If it is well located make it a short term rental.

In terms of your financing question, the majority of loans we do are in that $1m to $5m range, so that's not an issue at all (fake numbers wasting everyone's time would of course be an issue, but let's stipulate that it's solved).

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

Yes, many hosts of short-term rentals (STRs) use inventory management systems to track supplies effectively.

We paid Sunday (July 31st) and so I sent my request yesterday (Aug 3rd) to cancel and in about an hour got a response back saying someone would call us shortly.

The borrower was overqualified, the property was cash flow positive, I approached a local lender and due to the strength of property and borrower they provided essentially conventional terms of 25% down on a 25 year amortization where as other investors could only consider the transaction as cash. 

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

You lease it for whatever you advertised it for on the initial term and jack it up to the maximum a year for now when they renew.

I would rent the extra room(s) similarly to a medium term rental property.

@Robb AlmyHere is what struck me“In total, 224 investors who own short-term or long-term single-family, condo, or townhome rental properties completed the survey.