Quote from @Shawn Questa: A few times I've reached out to Cash Buyers and they would tell me that they are a part of an Investment Group and that they are ready to quickly Close Deals would be happy to work with me.Later I would come to find out that they are actually a Group of Wholesalers, like me.I guess I would prefer to Work directly with the Investor, Cash Buyer or Flipper. 

There are a lot of circumstances that go into the situation, but I promise you I am not trying to take advantage of the situation.

They are a corporate housing company.

No decision yet, but it's looking good for the investor, as they were able to find about 20 other houses in the area that have been operated as STRs for years with no complaints.

Hi Andrae, the simplest and most risk-averse way to get started investing outside of your local area would be to contact TurnKey providers in the markets you are most interested.

I am based in Tampa but have frequently explored that area over the years. 

I'm having a horrid experience with them in Denver area.

It may even be higher than 5% depending on the area. 

They are a commodity, and owners are competing directly against hotels in this space, so rents are ultra low.

However, there may be a commonly expected way of handling it in your area.