I intend to change to hard flooring when I can arrange to be there for a lengthy time in the off season, because I live long distance.

When fixing up a house is the garage door something that usually gets changed to a brand new garage door? 

If a wholeseller is really thriving, they need access to OPM. that is why there are thousands of transactional lending groups because the demand is there. and with regulations changing, this will become more relevant. 

Maybe you change your mind and remodel the bathroom!

Closer's error or not, that doesn't change the fact that money was borrowed and is still owed.

What strategies are you using to navigate these changes?"

Once you do this conversion it will be difficult to change it back to a traditional long-term rental. 

You can also do small changes, like going from a multi-family to a couple SFRs, or industrial to office.

If STR isn’t working well and you need to change course, you can do that. 

You could report the income, and the management fee, but the net amount reported would be the same, and only presentation of the profit and loss would change.