You can still get cash flow here and you can do all 3 major strategies (short, medium, long term rentals) as well as BRRRR's and flips. 

I have one like this and we furnished it and turned it into a mid term rental.

So now we're rushing into an idea that we've had for a while: Short-term rentals.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

This was in 2019 when I was funded so the terms were much more favorable than they are now.

They tend to have a passion for this career and are possibly long term tenants in the area.

Depends on your financial reserves, risk tolerance, and long-term investment strategy.

I would say if you do post it be as detailed as possible minus borrower info re: what's the collateral exactly (estimated value, condition, etc), outstanding balance, state where it's held, terms, performing or non, 1st or 2nd position, payment amount and what you're asking price wise.

If so, there would never be any lawsuits in the short term rental world.  

There are lots of ways to delegate what tenants are responsible for, and whichever way you choose needs to be laid out in the lease.My tenants are responsible for yard maintenance, and it is explicitly laid out in the lease terms there is no confusion.