Other option is to reduce the % down which will lower the numbers above.

Apart from that, any other options to consider for financing? 

With a variety of apps and websites available to us, we have a variety of income and expense tracking options right at our fingertips.One tried and true method for keeping track of financial information is the old reliable spreadsheet.

You could simply google hard money lenders or other private lenders in your area and you'll find a plethora of options. 

The pros and cons of both options are driving me crazy!

There are plenty of options for cleaners and handy people to rely on.

If I can't go the LLC and commercial loan route then what are my options?

If you think about it, any reasonable landlord rather have a cash to key offer or forgiving debt option to avoid the expensive & time-consuming eviction process. 

My wife and I used to live in Utah and still have connections to family and friends there so it is a good out-of-state option for us.

In my mind it seems like the best options may be to simply keep it as it is with only 1 bath OR create two separate units with a small kitchenette.