I'm sure you and your agent have done your due diligence on the STR regulations in your market, but I would encourage you to analyze the deal as a long term rental and verify the numbers make sense.

As a real estate agent in an ever-evolving market, staying ahead of the curve and keeping sales momentum up are crucial for success.

A lot of the foreclosures and failed / troubled syndications used this debt structure, and people are hearing about it or experiencing it, and loathing floating rate loans when really what they mean is bridge debt.But floating rate bank or agency debt with long-term maturities is different.  

So my question is, if I don't live in the county where the property is located but want to manage it myself, do I need to hire a registered agent just to get documents?

At least see the property first hand before you buy.These are just free advice from those that experienced, or know someone close with experience that would dictate this.

@Kunal Lakhwani I agree with everything @Owen Rosen is stating and would add most policies will have a clause stating if it has been vacant for more than 60 days, then Theft can be excluded.At the end of the day, only an agent who can review your current policy can advise on how your policy will respond.

I would advise you reach out to someone who is experienced here and do NOT try to do it yourself, as it can get tricky fast! 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I can get you in contact with a agent who can provide an umbrella policy.

Personally, I would advocate for opening an LLC (I use NW Registered Agent) and then open a business checking account (I like Relay) so that your funds are separate.