Buying an existing STR - due diligence checklist

[Susann Quijada]

First time STR investor - found a promising looking existing STR property. What do I need to watch out for as I go through the purchase and transition? Does anyone have a good resource for this maybe?

Specifically - how do I best verify past bookings and financials beyond tax returns? 

I am looking to sell-manage - fair to assume I lose all reviews and likely existing bookings of the property? 

Anything g else to watch out for? 

[Susann Quijada]

@Collin Hays thank you so much!