@Mike Hoover I believe you left out the Cayman Islands bank accounts, perhaps just an oversight :) 

There are 1000 syndicators in DFW I expect, so they're just one of many. 

If you are in WI, I'm based out of Waukesha and can share the carriers who are the best in SE WI.FYI - Each state & metro area will have different insurance carriers who have the most competitive programs..

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Hello Fellow BP Members,I am excited that I found my first property for an STR but stressing out over the lender not meeting closing deadline.

I had a passion for real estate for quite sometime now but it was until i went into being a short-term rental agent and making sales of $12,222 from April to date that i saw that there is actually quite a huge demand for short term rental here in Tanzania and i can decide to not just be an agent but rather work myself up to becoming a real estate investor and get my own properties.That 12k, though in humble beginnings showed my that there's something here.

What are the reasons given for being afraid of it?

They also get 1st crack at the pocket deals.I would also say while I have seen very few exceptions, for the most part discounting just doesn't work long term. 

I know most residential lenders won't lend to an LLC so my question is should I just house hack the way anyone else would, using my own personal financial status and name, my own funds for the downpayment, and put the multifamily entity and principles aside for now.

but not in a rush to put it on the market because she's busy. - A nearby similar property just sold for $350K but was updated.