For example, have you used smart home devices, community engagement platforms, or data analytics to better understand and meet tenant needs?

Personally I’ve stuck with SFH to avoid tenant on tenant conflict but thsi will let you find out if “the juice is worth the squeeze: with very little risk. 1) I assume you’re getting a least a few percent off for not involving a realtor.2) I assume you feel confident with the value (maybe ask a local banker what they would lend you on the property and even lay for an appraisal.)3) this is all assuming that this is a small investment to you as I’ve described above, not most of your savings and all of your operating cushion. 

And if you can’t develop potential revenue numbers with some level of confidence, you are taking a big risk (or leap of faith) in buying any property.

In my honest opinion if you aren't confident enough in your knowledge, network, and abilities to make the decision to self manage an easy one, then hire it out to a pro.

Partially by circumstance, albeit those that I created, I will confidently say that I am the amongst the very few local Real Estate Professionals that are as intimately familiar with the rules, regulations and requirements to reliably invest in a permittable vacation rental property ANYWHERE on the Oregon AND California Coast's. 

I would *strongly* discourage a buyer, especially a new investor, engage in that kind of nonsense.

Repeat that research at the county and state levels. 6 review all info vs your UW and see if there is a land value above $0 that makes the deal work in today’s market. 7. potentially consider a JV project with the property owner after doing the above as a way to make the deal work.Separately, you'll want to make sure that you've engaged your strategic partners.

I'm confident in my ability to turn over tenants and deal with issues.

I also know of no legal requirement to work with someone that is abusive.I wouldn't spend any money on an attorney, but that's because I'm confident in my skills.

Prolonged enthusiasm can be exhausting (failed offers, tours, travel) one way to remain engaged is to stay connected and in constant communication.