How challenging was the process?

Only challenge (as you and others have touched on) is scalability.

If you're thinking of living here I imagine operating this will be a challenge.

In answer to your question, consider the value of the materials and the likelihood that it could go wrong before taking the approach of buying it yourself.

A strong partnership benefits both parties.Happy vendors are more likely to prioritize your jobs and provide high-quality service, benefiting both tenants and owners.Balancing Stakeholder NeedsBalancing these relationships requires a strategic approach:1.Standardized Processes: Implement systems that ensure consistency and efficiency in addressing maintenance requests, approvals, and payments.2.Transparency: Use technology, like owner and tenant portals, to provide real-time updates and visibility into ongoing issues.3.Regular Communication: Maintain open lines of communication with all stakeholders.

This approach undermines the trust that should exist in a lending relationship.

Pros include securing the desired property and strategic planning, while cons involve higher costs, financing challenges, and complexity.

The only challenge is that I’d probably need to hire someone to manage it while I’m not there if I do an STR, right ?  

Challenges?

Sometimes you have to challenge the SOW and determine if everything really needs to be done in order to attract qualified tenants.