Thank you,StephanieHi Stephanie,I would highly suggest starting with a call to the Planning Department and let them outline what is feasible for the specific property and what steps you'd need to take to get it where you want to go.

Assess how your property managers are performing and make a decision on whether you should handle property management yourself or enlist the help of a professional management company.

I've seen subs (not in privity) claim that performing minor work, say punch out items requested by a new purchaser such as yourself, extends out the time limit. 

For next steps, I would highly recommend you get in contact with a hard money lender and get your lending in place so you can start making offers.

Anything that's high priced luxury huge lot sizes, amazing landscaping, bigger garages, and HOA fees is probably A class. 

But then again BTC being a high vol asset, what does that look like if it goes up/down 20% when its time to convert?

Her idea at present is going to be to purchase the house herself (using traditional financing - high interest rate) and make the payment affordable for the family's rent to cover by arranging the sale well below market value and putting up a down payment of 30+ % of her own money, resulting in a PITI of ~1500.

Employee Management: Given the absentee nature of the business, how do you ensure quality staff performance and customer service in your absence?

They would have to do really well for me to be interested in tossing a bunch of cash at glamping and then be staring down the barrel of raw land value in the end.Part of my mantra has always been don't expect appreciation to make up for a poor performing asset.

A good agent experienced in STR's will be able to guide you and advice on which areas perform best.