A lot of agents see it as a grey area.. so I would be selective about which agents you approach, of course make connections but also get a feel for whether they are indeed 'investor friendly'.

Maybe the previous owner took care of it.

Will the title company take care of the Promissory note as well?

@Michael Wayne Fraze III If you have selected the area you like for vacation rentals 100%, I can respect that.

For my brother-in-law's living arrangement I am solely focused in Kansas (job location, kid's school, day care, family).

I don't care what Ramsey has to say. 

If renting then I’d venture to go more affordable as a renter won’t likely care about siding color.If you’re planning to sell then curb appeal and standing out makes sense.

Check out their vehicle and there present residence to get a idea of how they take care of their property.Screening services only perform a small portion of the total screening process for potential new tenants.

Select Tertiary markets look better .If your location agnostic I agree with the poster who recommended the Southeast but dont get into a market that has already popped like charlotte, Nashville , or Charleston .

Its a business & should be properly permitted, the authorities don't care if you "suffer hardship" because you didn't properly permit & license your business.