I would suggest following up with the PM and ask if they have proactively provided change of management details (essentially, letting the tenants know that new owner effective 03/29/2024 and were rents should be sent).

There are some simple maintenance things that you can do yourself to make sure the wiring is safe.

Oh, and are they suggesting you elect to be taxed as a C Corp? 

Wondering if anyone in the south Florida real estate game has any suggestions on specific banks that may be more apt to work with me in achieving this.

While I still suggest you get an Attorney to handle it, they can provide you with the Notice of Trustee Sale and a scrip to read at the Auction as these do no vary by countyYou can also go to the  Aransas County Clerk's office website or any other Texas county for that matter  and print a Notice and tailor it to your property. 

Specifically, I'm looking for neighborhoods with a good amount of distressed 3+ bedroom townhomes for sale for $120k or less that require a moderate amount of renovation (no gut jobs or major structural issues) and that will get me a rent-to-price ratio of 1% or higher on the final ARV.Thanks in advance for any thoughts/ideas/suggestions!

My personal risk assessment that I suggest to my clients would look at a worst case scenario of long term rent (12 month lease), furnished medium (30 days or more), and for short term.

In simple language, money costs money.

I would suggest networking locally to get entrenched in the real estate market.

Anyone advocating for this strategy you're suggesting makes substantial commissions which I view as a conflict of interest.