Did the seller provide the financials?  

I don’t financially have the funds yet for a down payment since I am working on rebuilding my business so my next strategy is to take the equity out of my home to use for a down payment but that will roughly be $40k so not nearly enough for the normal 20% down.

If you and the wife combined make $10,000 a month, figure your total obligations shouldn't top $4,500 a month.

From a business standpoint, I always recommend separating your STR financials into a dedicated checking account. 

"M" is common vernacular in the financial industry for "Thousands". 

If you do not sell before a financial bump in though road occurs it will be too late and you will likely lose it all.

We’ve passes on applicants with good financial profiles who wanted to make changes to the lease or the apartment because, as qualified as they were otherwise, they were not willing to rent under our terms.

I would suggest age 50 or 60-89, 20+ year ownership, single family home and specify a home value range.You can also specify Low Financial Stability Scores to find people who are more likely to be motivated sellers.

I am hoping this will increase my holdings and reach my financial goals in a shorter time period than residential.

I worked my way through college as a teller at Pnc bank for 5 years, which gave me a a solid financial knowledge foundation.