I currently own a short term rental in Southern Utah that still cashflows with my 7.8% interest rate.

Low vacancy rates equate to high cash flow and ROI on rental properties.Downtown areas (Clifton/OTR/Pendleton/etc.)     

I'd like to get them a little more uniform and up to market rates.

If the LLC has merely been used to own real estate, don't expect better rates or financing.

Investment Strategy:Buy and HoldInvesting herebecause: Potential to Appreciate in Long Term (10yrs+), want to build NetWorth, Affordable in my budgetYear 1 Evaluation: Gross Monthly Rental Income = $2,042.50 Monthly Cashflow = -$76.05 GRM = 12.79 Cap Rate = 5.12% CoC ROI = -1.11%Hoping that theinterest rates go down so that the monthly cashflow becomes +ve.

Short-term capital gains (stocks held for less than a year) are typically taxed at higher rates than long-term capital gains.

They are TAW, so theoretically he can, although the remaining tenant cannot afford the rent on his own.

The process was straightforward, rates and terms were flexible, and I completed my home renovations without any issues

The interest rate and cost is higher than conventional loans but the requirements are less and the closing process is faster. 

Now is one of the best times to get into the market, once the Fed starts lowering rates that's going to bring more demand into the marketplace causing prices to increase at a faster pace again so if you get in now you capture that growth and get the opportunity to refi when rates are more favorable in a year or two.