Greg makes a great point about reaching out to active brokers, those connections can be invaluable.

This development, spanning nearly 6 square miles, promises to create thousands of jobs, generate economic activity, and transform the local economy.

@Nadia Jones Starting and running a fund is a separate business because it's something that you need to actively market for and regularly work on attracting capital to invest in. 

I find this screens out any guests that could have issues and lays the groundwork for a great stay.It also weeds out folks (in our case) that aren't understanding the distance to town and certain activities in our area.

We are actively submitting LOI’s and interviewing PM’s, inspectors, and insurance agents.

This is often more difficult to find but one strategy would be to talk with STR investors who are active in the market there. 

I am betting you didn't put this (or the other ones) home on the market to then become the bank for someone who only has a couple thousand down and no credit instead of selling to a verified buyer, right?

I know when I was an active Broker my SOP  was get listing open escrow with buyer to be determined and order the preliminary title report prior to spending money on marketing someones property..

Instead of trying to actively manage investments in singles and doubles have you considered investing passively in syndications?

Plus I bet the contract calls for mandatory mediation.. if the parties cant agree..