I'm fairly confident that we made the websites baby proof for the exact reason so every investor can easily understand EVERYTHING that we do...

You can easily qualify for a dscr (no tax return, no dti, no proof of income) loan, cash-out, use that equity for down-payment on other STR's.  

If the repair is to large or the problem to complicated to fix easily I would drop out of the deal.

I'm always happy to provide any insight I can for new investors. 

At OfferMarket, we call this a Fix and Rent loan which is a bundle to provide savings.

If they are month to month, you can purchase the property, provide 60 days notice and have them vacate in order to rehab and bring rents up to market rate.

However, would I be obligated to provide housing (hotel) for the tenant due to being in a lease or do they just need to find somewhere else to live?

You said you bought from the turnkey provider.

I think this could be for a variety of reasons but likely has to do with the fact that remote work seems as though it is here to stay allowing for more digital nomads, professionals to live/move cities more easily or even just "check out" a new location for a few months.Couple of key takeaways:-Casting a wide net and not focusing only on traveling nurses for example-Knowing your market and target clientele-MTRs are ideal for corporate travelers -How you operate your MTR is key to success (responsiveness to request, amenities, etc)-Protect yourself with a security deposit and ensure your lease fits your property/marketArticle: https://www.azibo.com/blog/mid-term-rentals-pros-and-cons-fo...Curious on everyone's thoughts on this article and overall market trends!

It is passive investment earnings, not self-employment income.If you wish to take existing retirement savings and diversify into things like real estate and private lending, a self-directed checkbook IRA would provide flexibility similar to the Solo 401(k).