You really want 75% LTV (loan to value) because you will be raising the value through forced appreciation following the renovation.Also, seasoning requirements are different (as far as I recall) if you are replacing cash vs. another loan. 

Does anyone have experience with this when not waiting the 6 month seasoning period?

Without a seasoned entity, you will have to personally guarantee (and qualify for) all loans to the entity. 

I'd let her do it for a couple of months to get you past the slow season.

They generally follow a predictable trend based on seasonality.

I have a list of every bank in GA and am working my way down the list, so far I have found one that only requires a seasoning period of 6 months.

Each room would book between 20-45$ a night depending on the season, I was consistently booked 20 days per month per room.

Sometimes you have seasons in your investing career. 

We have had a strong selling season this year and have seen quite a bit of appreciation this year in Indianapolis.

You can always assign your interest to an LLC just before you close (assuming your contract doesn't disallow it).As to whether you really need an LLC at all, that's a question you'll want to ask a few seasoned investors in your market that invest the way you plan to.Also, be sure to check out what master RE gurus like Dyches Boddiford (Assets101.com) have to say on the subject.Good luck!