Try interviewing at least three managers.1.

Will you hire a property manager?

LVL material, preference for an open floor plan, make this renovation very popular.

After years of self-managing our single-family rentals, we decided to hire a property manager to provide full service management.

Second thing would be to work with a contractor, this is great stuff to do since you know building a house, building material costs, and knowledge of right and wrong what to do. 

Does anyone have a real estate attorney recommendation to review a property management lease?

How are they sourcing materials?  

@Jonathan B.Assuming you pass the "material participation" test for 2023 and did not use the property yourself (or used very little), you should be able to treat it as an STR for 2023, including bonus depreciation.  

If this stretches to 9–12 months, holding costs could climb fast.I like your point about tightening the rehab costs, I think there’s room to bring it closer to $100K with the right contractor and materials.

*Renovation Costs – Includes labor, materials, permits, and unexpected repairs*Holding Costs — Utilities, property taxes, and financing costs during the renovation time.