He is local and will be fulfilling landlord duties.

We have a local STR organization that has filed suit against the STR quota implementation.   

The value may be more in the land depending how big it is and the location.

But I also want to add that I would speak to a local agent or even an attorney if you have questions, in case I am wrong, which happens often enough.

I know someone looking into Nexus Lexus but with no solution yet.FCI, is a loan servicer that works with a local insurance broker and says they will notify you quickly if any policy is canceled (???).

I live in a condo located in Walnut Creek that I plan to rent out in the future.

The only time I have been able to find below market deals on MLS was when the local real estate market had cratered and there was tremendous supply and little demand.  

The building is located right on a main street in a small town 30 minutes north of Green Bay.

From an Airbnb licensing perspective, it would depend on what your local municipalities allow.

Go to your local real estate meetups as a new investor and people will ask you what you do.