This not buying a house, is another type of business. go to local Investor clubs, you will find people that is doing it know, you can ask them for advice and share your knowledge in Airbnb.Buying Multifamily is a business.

There was a local survey that was sent out from January 1st- February 29th of 2024 to pose this question. 

Start networking at local real estate events, and online within the STR communities on Facebook and even here!

What I do before I buy a home that will need an appraisal I call my local appraiser and have them do a pre appraisal which gives me the current value of the home.

So yeah, maybe a few hoops and city want's a remote investor to use professional local management so city knows no BS is gonna go on, and I agree 100% because that's honestly the intelligent way to go about it, and it's worth it. 

In an unexpected turn of events, the U.S. commercial real estate (CRE) market has seen a significant uptick in foreclosures, with a 17% increase reported in January.

Would get with a local engineer to do the layout and an estimate on costs.Your buildable sqft seems really low. 

I will defiantly contact the local GSA office Monday and see what type of demand there is for what I'm offering.

It can vary widely based on just the local area.

Try to meet local investors at meetups and networking events.