I would recommend that you join local meetups if you haven't already.

I am a local investor myself and a Realtor, if you want to bounce anything off me feel free to reach out.

Go to BUILD YOUR TEAM at the top of your screen and you can search for other MEMBERS or LOCAL MEETUPS.

You might want to seek out experienced local investors, who can point out local risk and help you avoid it.

Multifamily generally doesn't have the same retail pressure, so right now, the deals are better, though you still need to spend a lot of time finding the right one.

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

If you haven't put the best possible,  experienced people around you, I might suggest getting involved with your local real estate investment groups...many of these people will have experience and contacts that could help walk you through the steps required to make this project safe and profitable or to show you why it might be something to walk away from. 

You also have to take into account the local / state landlord laws...especially the ones coming down the pike in CA's November ballot --> "Justice for Renters Act" Not sure if it'll effect STR or MTR but as a general rule of thumb, I don't run numbers on best case scenario.

They also have great insight on what is popular for your local market, that you can use to boost the listing.Also, take a good hard look at your property, decor and popular amenities help far more than hosts realize.

The cost and timeframe for evicting squatters can vary depending on various factors, including the complexity of the case, local legal procedures, and the squatters' cooperation.