You can contact some local property managers and get a better idea of the rental market.

I am invested in a small multi family in TX and the management was not able to fill the property and do repairs and the income has dwindled badly.

Yup, property condition, vintage, neighborhood, tenant base, property management are all very important considerations. 

We currently own/manage properties across a few states including Hawaii so we aren't new to managing short term/mid term rentals.

A lot of investors who succeed in EC know the tenant base very well and a lot of them self manage.

Anyone know the names of the funds that Lee claims to manage?

I have a feeling just starting out my home is not going to get much exposure on sites like air bnb or vrbo until I get some good reviews.If anyone has experience in this market I would be intrigued to hear how best to manage my new STR.

Plus, it would be a first renovation project, and other properties we may be able to close on are huge projects.

You can learn just about anything you need to complete a small project off YouTube and with the right tools.  

My wife continued to be the administrator of record with the state as we added homes to our portfolio and she would assign the house manager as the administrator designee for the home.