Also what could I be getting myself into that I’m not thinking of or simply bypassing here..Who is expected to pay for this ordeal in this type of situation..and for what exactly?

think about how long it will take to recoup all the costs i just mentioned.if you want day 1 cash flow... open a savings account.i say this not to discourage you but to help set expectations.

Hello,I'm trying to figure out what I should be expecting/getting from my agent? 

I have been looking into the South Philadelphia market as the area is expecting the Bellwether District, a megadevelopment of industrial and life-science buildings, to be delivered in phases over the next dacade.

Vetting tenants is essentially the same as regular tenants, but expect lower credit scrores, bankruptcies, etc.  

Make sure to research local rates for cohosting and management services to stay competitive.If you're doing this as a side gig or part-time job, it’s essential to time block, create systems, set expectations with property owners, and establish boundaries to ensure a smooth experience for everyone involved.We opted not to pursue rental arbitrage for two key reasons: dealing with landlords and the significant upfront costs to set up and run a profitable STR without the benefit of property ownership.

You should not expect things to go smoothly.

Apologize their stay didn’t meet their expectations that your goal is guest satisfaction therefore feedback is essential…. you’ve dispatched a local team to property to check items mentioned and make corrections.

--------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

You will be dealing with an older housing stock, so higher deferred maintenance and capex should be expected.