We had our Podio custom-built to meet our specific requirements, systems, and procedures.

For example, what is the current zoning - does it meet your needs?

Smaller STR pros should be able to cater your property to meet your goals.

I had done extensive reading and research on best practices and entity implementation that would best meet my specific needs.  

So any contacts, known meet ups, or especially advice for an initial purchase is greatly appreciated! 

He is 69 and does not want to reinvest (1031 exchange), which leaves me having to make a much larger investment on my own to meet the 1031 requirements which is more than I’m willing to do at this time.

Attend your local REI meet-ups and try to find someone who is currently house-hacking or has house-hacked in the past to learn from their experience.

You can have as many DSCR loans as you like as long as you meet the requirements for the product, there is no ceiling to your growth.

Unless the medical condition meets the state criteria for early termination and that the medical notice does not appear to suggest that, you cannot terminate the lease outright/immediately but that you will begin to market the property for rental and upon securing an acceptable tenant, the lease can be terminated pending a satisfactory property walkthrough indicating no damages. 

To newer investors, they may rely on their agents to act as the Chief Investment Officer, effectively thinking the agent will bring them only perfect deals that meet their investment objectives.