Wishing you the best on your success. 

While you are willing to work with them, they are apparently happy to live rent free and don't seem to care about you.I had a long term tenant (5 years) who stopped paying the rent.

So long story short I am still hunting down the contract. 

You are in a great place to learn based on the successes and failures that many have had.  

Being out of state, I would suggest vetting your "team", meaning find an investor realtor, lender/s (hard $ / long term), property manager, contractors, etc.

The location is ideal, as it’s situated in a neighborhood that permits short-term rentals (STRs), making it a great investment opportunity.

I've helped 6-7 different investors move money from Oregon to Wyoming in the last 15 years and they are all happy they made the move.Consider finding a market that has a better long-term outlook, economically and legally.

Successful coliving properties focus on creating strong, household-led communities.

RPM Sunshine City and New Western are both out there, but before jumping in, ask them if they invest in their own deals, if they have real investor success stories, and if they’re giving you actual data or just hype.

The vacation rental buyers I see here in Colorado that are having the most success have something a little unique.