Get in there talk to people and just network and find some future cash buyers hopefully !

you need to talk to @Paul Choate he knows the market there.  

Yes you should talk to the owner/neighbor too but either way it could get messy.  

If you have any more questions you can call or PM me and I will go into more detail but you really need to be talking to your own people and getting things going. 

Talk to your compliance officer to get the specifics.

You need to talk to a broker.

Have feasibility done by Integra. doing lots of legwork and talking to lots of people in the industry to pair up with the right ones now.

So, while my research did not find any rental restrictions for STRs I did not discover that they couldn't give me a business license (before we bought the house.)After talking with the City Planner about the situation he told me I could go through the same process that a hotel or B&B does (approval process for Certificate of Conditional Use) but it basically comes down to a City Council meeting which is a public hearing.We discussed the fact that there already were people operating STRs in the city (and obviously not paying taxes to the city since they would not have a business license). 

When you find something, are you more wanting to talk to the owner or the bank?

I talk about those first two in my Bigger Pockets Podcast #82When I do get deals from the MLS, I look for undervalued property.