It is currently vacant so I am having a hard time understanding why there is a limit.

The best thing for you to do is find an assumable loan from someone with a super low interest rate since VA loans are one of the few loans you can assume. 

Current owners are still living there and need to stay for 30 days after closing.

Given the possibility of collecting was very low - I took the same approach as you, throwing good money after bad wasn't worth pursuing, so I sold at a big loss and chalked this one up as a big learning experience. 

The Father works in construction project management consulting and can make about $5000 per month over the course of a year; however, it is cyclical and currently does not have a contract.

House is currently worth about $80,000 more than when we purchased and it’s been a profitable STR so far!

I’m currently 18 years old in high school, committed to a Division 3 college near me to play Baseball.

And it's those clueless that come and go every year but each year there is always just enough of them to bid everything too high or low depending on the state to make it a good deal for the rest of us.

Management costs would be yours not their current. 

Hello Bigger Pockets Community, my name is Mark (24 y/o) , I currently live out here in California, right in the middle of LA county and Orange County.