If you bought at the peak, say 10+ years ago, and were able to hang on, you might be half way to paid for.I think to buy into TODAYS market with negative cash flow is a form of financial suicide.  

I come across many desperate sellers almost daily but they are still trying to hang onto their property in most cases but a percentage of the masses are open to liquating/selling the property but many are clueless as to how to do so successfully.

I don't have the funds to buy it and hang on to it until then. 

Hang around them and add value by doing the jobs nobody wants to do.

From my experience with Airbnb, most guests that I have booked my place are usually here for a show at Red Rocks, hang with friends, downtown drinks/dinner, mountain trip, etc. 

Research, raise your RE IQ, hang around and listen to people smarter and more successful than you, quality is better than quantity, know your limitations financially and mentally and at first take it very slow and dip your toe in the water.

For example, calling for about 3k to hang drywall in an 1800sqft house.

It is possible that if the deal goes south, the tenant may in fact have some equitable rights, and hang you up in court and possibly force an ejectment which is different from an eviction.Not knowing the laws in your state, I'd advise you to consult a competent real estate attorney and have them review (or draw) all the docs.

The others I’ve learned about by hanging out on this forum every day.

Then I'd hang up.