Simply ask if the owner would be open to an offer on the property.

But at the end of the day, there simply aren’t that many active buyers out there or at best definitely fewer than you might expect.

@Marcus Auerbach provided great practical advice and his 5 layers really boil down to one thing.... be a good operator.

We’re all wired differently, some people are driven by recognition, others by financial rewards, growth opportunities, flexibility, or simply the satisfaction of a job well done.

Lol Here are some thoughts in no particular order..30 K for a Property is not realistic in many markets and if the property is bad enough to be able to buy it for 30 K jumping straight to 89K simply because you asked for a very little down payment does not seem to be idea at least in the market I’m at.  

Or, do you simply work with a realtor comfortable/familiar with STRs to source deals in your desired market, let the seller pay the realtor's 6% fee, find a designer to do design/furnishing, then decide between self managing vs hiring property management and paying the associated fees? 

If you don’t like it simply increase the rent $100 or $200/months and tell them it’s because of their late payments.

Simply making stuff up. 

The sound & practical advice @Aristotle Kumpis references boils down to venue and choice of law.

You can simply accept funds in the form of a loan.