I always make tenant do it as a hand off a property and recommend they do it on move in day while they are there to react if something goes wrong, having a water key nearby.  

The cities in Coachella have definitely became more strict with local regulations, but it’s definitely still possible to run a successful STR if you run a tight ship and set proper expectations with guests before they book.

2- IF only $30K is labeled & considered OPTION CONSIDERATION funds paid for the OPTION (thus Not immediately taxable)     What do you call or or would be a proper way to DESIGNATE the other $30K in funds given to the Property Seller?   

You will want to perform a proper dry out of all materials and replace as needed, treat the area and have the lid put back together of the downstairs unit.

Both programs are document intensive, but if you have a team that understands the programs and requirements, if executed properly those loan programs are amazing!

The short answer is that the prices although low did not justify for a proper business model. 

That self-awareness is lower when someone is new at anything, so sometimes they don't even know how to react, so they react based on their feeling of inadequacy in a big pond with killer fish.something that can be done from biggerpocket site , is that , before someone post question, there should be chatbot that say "hey that question has been asked before, maybe your question has been answered here and here" ......

I felt like I needed time to handle it properly and they didn't have the time. 

Toledo has lots of problems with management companies here not being properly licensed, using "rent a broker's," and helping people from out of state invest and the end up in areas that are not profitable and are high maintenance and it only makes the "unqualified" managers money and not the investors.

Do you have proper license and insurance to legally manage properties for other people?