This is often more difficult to find but one strategy would be to talk with STR investors who are active in the market there. 

Often the owners are active in selling and trading with other arcades and you can slide right in and purchase one they’ve been trying to sell or trade.What games are you looking for?

@Nadia Jones Starting and running a fund is a separate business because it's something that you need to actively market for and regularly work on attracting capital to invest in. 

I know when I was an active Broker my SOP  was get listing open escrow with buyer to be determined and order the preliminary title report prior to spending money on marketing someones property..

Greg makes a great point about reaching out to active brokers, those connections can be invaluable.

I find this screens out any guests that could have issues and lays the groundwork for a great stay.It also weeds out folks (in our case) that aren't understanding the distance to town and certain activities in our area.

We are actively submitting LOI’s and interviewing PM’s, inspectors, and insurance agents.

This is what I am encountering, in the current Mortgage Industry.If you think you will go FHA, Conventional, FHA 203k, etc. and then Quit Claim the property, to a Corporate Entity, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

Instead of trying to actively manage investments in singles and doubles have you considered investing passively in syndications?

You have to be an active manager and many current owners are not wanting a second job and are selling.