Also, does anyone have a breakdown of disclosures they provide to the seller when purchasing a property this way? 

At OfferMarket, we call this a Fix and Rent loan which is a bundle to provide savings.

If they are month to month, you can purchase the property, provide 60 days notice and have them vacate in order to rehab and bring rents up to market rate.

However, would I be obligated to provide housing (hotel) for the tenant due to being in a lease or do they just need to find somewhere else to live?

It is passive investment earnings, not self-employment income.If you wish to take existing retirement savings and diversify into things like real estate and private lending, a self-directed checkbook IRA would provide flexibility similar to the Solo 401(k).

Depending on his “abilities,” you can get his forwarding address by following the law that actually applies to both parties here:ORC Section 5321.16 (B) “… The tenant shall provide the landlord in writing with a forwarding address or new address to which the written notice and amount due from the landlord may be sent.

.), but any info you can provide is appreciated...I have lots of experience operating LTRs, a bit of experience running a STR, and no experience operating a MTR--but I'm thinking about trying it out!

I appreciate anyone out there who can assist or provide there insight with where to get started.I can be contacted via Linkedin, email, or phone. 

I thought this group might be able to provide some recommendations.

This will save you time and provide a more professional experience for your tenants.Just do a search here for property management software and you will get a lot of results.