You can read books for years (like I did) to make sure you're ready but in this world the best way to learn is by doing the darn thing and having a rolodex of contracts that you can reach out to when things get tough. 

I have to admit it has been tough to pull trigger just because the stakes feel so high (risking primary residency, etc.). 

pretty tough following your train of thought .. 

11th hour is tough, but I would find another lender if possible. 

I believe that we can prove that we materially participate in the property and rent the airbnb for less than 7 days on average; however, deeming this a residential property or non-residential is making my head spin a bit.Obviously there is a pretty large chunk of change on the line here so I'm hoping to find out how to manage this appropriately.

It's always best to have professionals as part of your team for advice and guidance, especially early in your investing career.If you didn't have your LOI with terms in writing, it may be tough to get the EMD back. 

How would I go about proving that the smell is so bad that it needs to be replaced. 

Cole, without seeing the contract, it's tough to say unless someone has direct experience with this, and even then, their contract likely would be different than yours. 

.- Scheduling repairs after closing has been tough as a result of the holidays & general lack of labor.Rough estimate of numbers (assuming 5% vacancy, $780/yr in repairs/maintenance, 10% PM fee, $480/yr insurance, $1227/yr property taxes):Current:Expected based on Rental increase to $670 (assuming tenant accepts increase, rental increase would be starting 02/01/2022):Expected if tenant decides to move due to Rent increase (PM company estimates it to be possible to rent at $725-750/mo; keep in mind this doesn't factor in costs to make rent-ready (if any), as well as the cost of getting a new tenant):

It will prove more valuable than anything else....