With proper management in place and proper screening you can be successful in all parts.

Ensure the monthly payments are manageable within your budget.Private Lenders or Hard Money Loans:Approach private lenders or hard money lenders who may be more flexible with lien positions.

This agreement can specify that Cousin B manages all rental activities and reports the rental income and expenses.Property Management Agreement: Cousin A can hire Cousin B as the property manager for the rental portion of the house.

Visiting the property is up to you and your comfort level with your property manager, home inspector, etc.

Has anyone had any success contacting the asset manager of a bank to buy an REO property? 

Regardless of the current condition there is ample opportunity to stand out from existing rental competition with attractive styling, design, decor and pro active management. - Profitability & Consistency: Last but not least..prime Oregon Coast STR vacation rentals generally do very well financially.

Is there an assumed percentage already embedded there for property management, CapEx and repairs?

I will be managing the property myself.

Eviction and early termination history are big, big warning and for many managers, an automatic no.

There are also online portals from many property management softwares that allow people to pay online.