Make sure the host is financially very well off so you can sue them personally when they stop paying because your market outlays all STR or at least non-owner occupant ones.

Are you taking that from them as well?  

Meetup.com is a good resource as well.  

Because I had everything in place, it wasn't that bad, but even now, I always use property managers for my out of state properties (and a couple local one's as well).Second, You just need to search around for a property manager that meets your needs.

The property has to be in livable condition as well. 

To @Bryant Brislin point as well - you probably don't want to start anything without first confirming that this spot would be feasible for a national chain, or at least a local chain/restaurant that would be interested in the space. 

I have seen some decent lots sizes as well to add in an ADU or Carriage Home/mother in law suite. 

I own some property out there as well so happy to point you in the right direction.

If the budget surplus is known at the time of the sale, then the seller may be able to get a pro-rated credit on the closing statement, but usually once the sale is done, it's done.

I have a good W2 income as well as STR income. 2023 is the first year I thought I could qualify for RE status as I am working as the property manager, handyman... (750+ hours) man I worked hard!