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

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. 

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.

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

Your real estate experience, especially in property management and leasing, is valuable.We have a wealth of resources and discussions that can provide valuable insights and connections here.

You don’t include the principal payoff that your guests are providing nor the property appreciation.