Also, you didn't mention a lot of the basic data that most sophisticated investors would be looking at, when evaluating the potential risks of a new deal.

If you want to expand in this market, we currently have 6 properties available with amazing potential.

We are looking at a rundown MHP in the area to potentially flip into a tiny home community and looking for boots on the ground support to do a preliminary walk through of the property and surrounding area for us.

If you buy a townhome in an association that is operating well (e.g. has plenty of reserves for capital improvements and no deferred maintenance) then as long as you are cash-flow positive after HOA dues are paid (and you budget for potential increases) then townhomes can be an easier property to manage. 

At the end of the process I would like to end up with a good understanding of the questions that need to be answered to potential foreign investors.

Starting with duplexes would be a smart choice as it offers a good balance of affordability, manageable complexity, and the potential for solid cash flow.

These are just a items I picked up on when reading your post you should be mindful of when communicating with potential partners.

Most of our STRs have an office set up of some sort or a spot to work with monitors and we do find this attracts a lot of guests where someone needs to work while the family enjoys the activities.Traveling nurses get a lot of the buzz around MTRs but displaced families from fires (Napa and Oregon do see a lot of these), other work force that can be remote or travel, or other potential guests.Also, definitely use Airdna or one of the other sites that estimate your revenue to see how it would perform in your market and then look at other listings as well to see what amenities they offer to see if you could be competitive in your market.

I guess my situation is a little unusual - I have a potential tenant who has filled out applications but did not disclose they have an emotional support dog until we mentioned there will be a pet deposit since there will be a dog living on the property as well.

But with the right mindset, strategy, and connections, it can also be incredibly rewarding.I'm glad to hear that you're considering Roanoke Virginia as a potential location for your first investment.