This property is 98% occupied, just badly managed and rents are no where we they need to be so it won't take long to get things right. 

Is it a  good place to invest in and are property managers available?

I'm a dedicated yogi, lover of jazz, and mother to one human and three fur babies.Currently, I am a freelance interior designer but I started my career in real estate about 15 years ago in Austin TX as a licensed Real Estate Agent and Property Manager.

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Its going to be managed by a property manager and thus a passive investment which is allowed per h1b rules.However, I am being needed to procure state and county hotel tax certificates which almost seems like I am launching a hotel business in the records of state.I am starting to wonder if this can cause issues down the lane when renewing my visa or applying for green card.If anyone else has a similar experience or own STRs on h1b, urgently want to discuss this with you.

It's important to think about the market conditions, finances, different house hacking possibilities, your long-term objectives, managing the property, and exploring other markets.

If you've already done that or have a smaller budget like sub $30MM, I go to the best neighborhoods in the best cities, and buy the most distressed houses.I flip the one's in states where it's hard to manage tenants or re-fi into STR, re-fi out with 1-1.2 DSCR in areas where managing them is convenient in landlord friendly states.

So, that’s a plus that I’m not a complete stranger but none the less still a stranger (I’ve never met the owner but met his property manager when I was home for Christmas last year)  

Some real estate investments grow a little slower and even though there is monthly rents collected, there is deferred maintenance costs and management requirements depending on what type of properties.

The owner owns it free and clear and it's managed by a local property manager.