You might utilize these extra cash for a down payment on a different house.Another good alternative is seller financing, which may be arranged directly with the seller and may entail a down payment and interest-bearing payments of the remaining amount over time.

It’s a short term loan used to acquire and rehab, that you would refinance out of post-renovations.  

@Ryan NunyaYou are correct that short-term rentals are a different animal for tax purposes than purely "rental" income as noted in the original post. 

Vacant land is not easy to sell unless you are offering seller financing with little to no down payment.

Simply tell the seller you want to purchase the property, and "Here's how I'd like to do it"...Keep investing and moving forward!

You may be saving money short term, but it does not mean you’re increasing your long term expected yields.  

Seller is selling it as-is.

Listed it for short term rentals was doing great - double the market - then one guest asked to buy it and I sold it for 200,000.

The reason for that is people looking for midterm rentals shop like short-term renters, but they act a lot more like long-term renters... and often they stay for 4+ months, 5+ months, etc.

The Home Warranty company came out, assessed the damage/repair, and in short they will be replacing her furnace.