@Luke Fruge you are in the right place to get started for sure!

Just make sure to verify the freshness and accuracy of the data.• Public Records & County Websites:Local county appraisal and tax records can be a goldmine for owner information.

Not sure what rent they were willing to pay and what options are in your area but I would likely want to keep the STR going to and have them rent a nice LTR nearby to you.

I am not sure if I should stay local to my market.

I'm not sure how the BRRRR strategy would work when adding an ADU.

Make sure to vet and look into multiple different PM's per city.

I'm analyzing properties in my expensive market which has a dire need for affordable housing.

Quote from @Sherry McQuage: Make sure to check the zoning to make sure mobile homes are permitted there; check for any hazardous waste designation for the area; will you need to have the parcels surveyed out in order to sell the size you intend? 

@Sidney Johnson just make sure that your finances and relationship are in a good place to attack this from a position of strength.

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not.