It is also your responsibility to try and find a tenant in a timely manner to minimize the vacancy. 

The rest is super easy.I won’t minimize the importance of vetting the property.

-Often a persons last years are in assisted living, a nursing home, or with their children, so I could take possession of the home (and generate profit from it) sooner than the persons death.Potential risk that I can think of:-Higher out-of-pocket costs/negative initial cash flow with delayed financial reward. 

. - You're minimizing how much is coming out of pocket when closing arrives. 

You should be able to receive a delayed financing offering from a hard money lender on this.

I was nearly scammed by a seller in the US who I met in person, met his "associates", toured the property with and everything, but my tip off to do more research was that he was against using a third party to hold funds in escrow even when I said I would personally pay all associated fees and noted that it would not delay closing at all. 

Issues arise when borrowers feel blindsided with items or delays.

My mortgage is around 1200 and average good shape and expenses are very minimal.

Delayed gratification is good.  

The work here is minimal, but it does require someone to be available 24/7.Has anyone been able to successfully outsource this part of STR management?