I'm struggling to find a good example that doesn't involve shared laundry.  

These programs very commonly involve restrictions and conditions on use, refinance, or resale of the property. 

Most of the time is spent answering guest inquiries, scheduling cleanings, and handling the occasional issue that pops up.

Structuring a 203(k) loan for your partnership involves some creative thinking, but it’s definitely worth exploring.

It’s crucial to negotiate terms that benefit both parties, involve a trusted attorney and title company, and conduct thorough inspections and market research to ensure a solid deal.Good luck!

When QIs get involved There is generally already a realtor or two involved. 

i keep seeing:1. buy out of state rental in a solid neighborhood with long-term potential (just as you are recommending) but then...2. have one rough tenant turn that costs a couple grand, and3. give up on real estate investing, and turn on everyone involved in the transaction for not guaranteeing that sweet cash flow in month 1 lol, yea there is a decent chunk of investors who get really butthurt by that one bad unit turn and just give up.

The only people that are going to tell you you're going to clean up are PMs and RE agents.

I’d be miserable if I had to drive in traffic to LB every week to clean trash.

I rent STR mostly through airbnb which acts as a rental manager and I have an assistant that I personally hired to flip/clean the units and also on site for renovations.