Otherwise it couldn’t be free and clear and you would not be able to purchase it.  

Not a risk worth taking, in my opinion.Here in the Kissimmee/Disney area, you never have to worry about the legality of STRs.

After 2 years sell to use the sec121 exclusion for capital gains (doesn't help with depreciation unrecapture).Yes, DST and syndications have a long running thread right now about their risks. 

As mentioned before, please feel free to reach out to an investor friendly CPA to help with your tax situation.

The only risks of putting your daughter on the lease is you would have to evict her too or sue her for damages if it goes that far, which it's unlikely to.

A person can easily become discouraged by the pace of wealth building and take risks. 

In the middle of those two extremes might be a small business with 3 years left on their lease, but they've made improvements to the property that aren't cheap to remove, such as perhaps a dental office (dentists might be pissed that I put them in the mid-risk category, but all the dentists going out of business in 2020-2021 taught us that American consumers apparently regard dental care as an optional and "luxury" spending item). 

In reality, finding tenants is quite easy, especially if you follow these steps to reduce your risk of vacancy: Living in a growing city in a desirable location increases your chances of finding tenants.

So, effectively getting some of the profit tax free. 

The goal is to do profitable deals without risking total failure.