(End)So if the tenant is delinquent, you can begin the eviction process via the normal notice process to the tenant. 

This one will be informal & on Zoom to start but I’d like it to be in person once things normalize.

All of the lease signing and tenant vetting is the same as a normal lease.

Everything you describe though is just the normal process of how taxes are reassessed when a property is sold.  

So I assume that is normal?  

Meanwhile, the sellers who are most likely to offer creative financing are normally the owners of  real estate that have issues.....condition.....low barrier/over supply market......or perhaps pricing issue, and one of these factors is why its not marketable in a arms length transaction and why creative financing would be accepted.

And another part of the town considers it to be residential, so it's exempt from most building codes and inspections that would normally apply to hotels. 

A deposit at the start of a build is normal, this usually pays for materials and labor to get started.

There are two types of return from a rental propertyCash Flow & Appreciation.I normally also aim for a minimum of 8% return between Cash-Flow and Appreciation.Appreication, nationally, is around 2% to 3% annually.Therefore, your goal is to get the cash-flow to be about 5% to 6%.The issue is interest rates being very high, you would therefore, need to buy at a pricepoint where the numbers still make sense.You can always put down more of a downpayment to cash flow, but that will impact your cash on cash return calculations.Best of luck!

I still have that house and it rents for a grand these days. my first house was late 70s that I bought  in those days it was 80 10 and 10  you need 10% cash and normally a private HML would give you the 10% second and bank was the first.. interest on the first was 9% second was 15%.. this was before the Carter interest rate run up.. paid 80k for it in Milpitas CA.. and it was brand new bought it from Shapel .