I will pay back the loan via the refi funds. 

@Austin JamesUnderstand the area, the current tenant base,the median income, is it in a flood zone, the age of the asset, the condition of the plumbing, the electrical wiring, the fuseboxes, the age of the roofs, the age of the mechanicals, the condition of the foundation, the drainage of the property, does the property have a C of O, is there ny environmental concerns such as oil tanks being buried, the current property management company, what are the amenities.These are just a few things to look out for.

I feel like if it is done correctly (and trees aren't denting it) its a set and forget it. 50 year life expectancy on metal and asphalt shingles will be 1/3 of that. 30 yr only last 25 and 15 if you maintain the shingles. 100% Metal and the insurance company should cover all of that. 

Is there any company’s that you can suggest that you have had good experiences with and trust or maybe another strategy of managing a long distance STR.

And I did not borrow more than about 30% LTV so it was a pretty easy loan to get..

I am financing with a conventional loan.

Don’t forget ROI includes debt pay down so it has to include the principle portion of the loan payment as ROI, I don’t see that listed?

There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?

I've been working for a company that is in the process of doing this.

He says to minimally get an Attorney to work for me instead of relying on my agent and our title company, since they're all get compensated on the deal getting done, not necessarily fighting for my protections.