If you allow the PM to find and vet the tenant, I'd want a qualified reasons and/or background reports as to why the PM thinks this is your best tenant option.

I don’t know if it’s a new reporter or a complicated situation.

Them just like any other wholesaler (including myself) you should run your own numbers.  

Especially when the print ad can include up to a dozen homes.

There is no problem with a NonQM wholelender or a broker to do a 5+ to 30 unit STR.It would be a DSCR loan and I love the Airdna report that can help get your loan to debt service.There are options of looking at rent rolls and or statements from Airbnb, Vrbo and so on.

As an example, I live in Phoenix, my LLC’s are registered in AZ and I invest out of state (including in AL). 

"And/or assigns" language is included after mentioning the buyer's name or entity throughout the agreement.

Through networking, one may find off-market deals and get recommendations from others who find motivated sellers or distressed homes.Internet marketing: To establish contact with possible sellers, make use of internet resources including social media, real estate websites, and forums.

Our long term goals are financial freedom, including matching my current salary with rental income in the next 4 years. 

It may or may not include Liability coverage so you may need a separate policy for the Liability