"Getting in" is easy; making money, managing the business, with the increased financial risk of commercial properties is a whole different game. 

Quote from @Jonathan Soto: great write up. thank you for taking your time and going in to detail. i have been looking into a business for myself but havent seen much in biz bysell that make sense. just need to keep searching Try looking into Crexi and Loopnet too, I find all different kinds of small businesses for sale on those websites compared to Bizbuysell.

It's very different than Airbnb so don't expect it to work the same.

Depending on what you choose, you may run into different seasoning requirements with a variety of lenders.

There aren't many co-ops in Southern California, mostly in LA or a senior community in Orange County, but there's not much of a discount between condos and co-ops - at most, 10%.What is your source of the 10% difference data?  

My goal right now is show them a few different options and the financials.

That is a different RAD Diversified.

That would be different than say a place that someone famous lived in for some time.

Is STR insurance different from home owner insurance?

Different pockets of Austin vary drastically so you really have to know the area.