However, my initial thoughts on this scenario are around risk management.

To establish connections and get access to possibilities, expand your network among real estate experts, lenders, investors, and property managers in the target areas.

So here are my questions:- Can we co-host a mid term rental in Texas or would this be considered Property Managing since a lease is involved?

that is going to require a lot of data and database management and offmarket deals are all case-by-case so it almost certainly wouldn't be easy to productize (i.e. you probably couldn't get AI to do this). 

Then some time on understanding risk and how to manage potential downside vs expected upside.

My property manager has the property listed on most of the major booking sights, so I am comfortable with their efforts.

What made this opportunity particularly enticing was my prior experience managing this exact duplex for the same investor over a span of three years.The property itself is a 1950s duplex that underwent significant renovations in 2017.

We currently manage them ourselves.

Managed property purchase.Negotiated water rights to be transferred in the sale.

Flushes the toilet?