For too long, owning property—or even a share of it—has been reserved for those with significant money, time, or connections.

As others stated, if the existing structure is legal but non-confirming that should not be an issue.

Giving notice or confirming she has given you back possession would allow you to enter the property.

Do you have their death certificates or can you confirm that?

That simply confirmed “proof of concept”.

You want to add value and reduce expenses.Also, it is wise to have a healthy liquid reserve available when buying commercial real estate.I would call commercial real estate brokers and find one with a teacher's heart.

I just checked and it has reservations through the summer already and I'm sure its occupancy rate is close to 90%. 

I live in Phx but we do most of our investing out of state, so I’m not also the most current on local trends: so find yourself a good local agent to confirm that:- it’s going to be hard to find anything at < $150k / door.

This ensures your books match the timing of your taxable income.It sounds like you're off to a great start—make sure everything is categorized correctly and consult a CPA to confirm your setup.

I am very confident that my STR PM would be able to evict an STR tenant that over stayed their reservation in less than a day and likely in less than a couple/few hours.