Any tips or recommendations you can offer would be greatly appreciated. 

STRs can offer high rental income and flexibility, but they come with management responsibilities, regulatory challenges, and market fluctuations.

I have made a half dozen offers in the Emerald coast area of Florida.  

They had one offer but it fell through after inspection.There are not multiple multi families in the area to compare it to.

@Kyle Spearin Appreciate the offer.

The Seller guarantees that the property will be clean and unoccupied within 14 days of the valid offer.

You can see what they offer today in terms of teaching how to get a billboard permit and lease it out.

I'd talk to them and offer to pay for the first call, but the second one is on them especially as they knew what had just happened and still left the window open.

Our cash offer was 70% of the ARV minus repairs, in as-is condition.

And any short sale offer will have to be close to market value.Years ago, after the great settlement agreement with the big 5 banks, those banks were making mass offers of discounted pay offs on seconds.