That's really cool and I suspect my dad mentioned our operation out in KC to him.

Converting debt to equity if allowed by the operating agreement is not indicative of a Ponzi Scheme.  

A lot of investors have great success when they start with a deal that has lighter value-add potential and use that deal to learn how to operate a rehab.

What tools have worked best for you to streamline operations? 

As an owner-operator you will be able to screen tenants a little more carefully than a PM typically does in my experience. 

You're planning to operate this as a STR/MTR.

Find GP’s who are pretty transparent with things like monthly financials, monthly summaries of operations, etc.

We operate primarily in the Southwestern US and New England area.

Like aircraft checklists and vehicle operators manuals (the -10s), one can benefit from extensive research, trial and error, and deliberate improvement principles gained by the many that have gone the path before. 

We've also launched a gourmet mushroom grow operation and plant nursery.