This is where you will get the correct estimates. 

Yes the charges were in fact correct and it was communicated that my budget was $15k.

Correct me if I'm wrong but VRBO is very clunky and not very host friendly.

If I had been tracking the assets via accounting, I would simply make a journal entry showing the LLC's assets and liabilities going to zero and transferring them to the Holding LLC or the LLC Members. correct accounting only and yes there are bank accounts (of course)

You are correct re the POA. 

I think your correct though folks have to adjust to the new normal and the interest rates they are not coming down like folks hoped for I think we are in for a run of years were rates will be more like the 2000s  6 to 7% and Owner occ in the 5s with Maybe some high 4s. but by the time folks wait for that prices will rise in the better markets.

Are there specific steps or systems you follow to ensure it’s done correctly?

@Tim Horning correct but Ithaca already passed good cause so get ahead of it by having conversations with your town council members before their opinions on it become ossified

But I assure you it's correct. 

@Kyle Cross, correct me if I'm wrong, but I think maybe what you're getting at is potentially pitching to your parents that you would like to take a shot at personally managing the units to gain experience and some form of compensation.