If you said that the property is in another state, then I'm assuming you may have to catch a flight, rent-a-car, food, etc....which will easily cost you more money than just hiring an inspector outright. 

I have done things with attorneys, CPAs, stock brokers, insurance brokers and others successful in business.General business knowledge, understanding of financing requirements, knowing property valuations, maturity in personal financial matters to give general advice, understanding of the foreclosure process, legal aspects as to liability in leading someone into financial matters, fully understanding fraud issues and the differences in a general matter where fraud might be applied as generally thought of and what may constitute bank fraud causing or even attempting to cause a loss to an insured bank having different standards.

I’m very close to entering the STR market and I may very well be taking a major risk and loss being too late to game but i did decide to do what you recommended (before seeing this post).

I work a full-time job, a side gig as a food delivery driver, moderate for BiggerPockets, gym, family, friends, & etc, but I still self-manage my properties usually from my cell phone, lol!

Update is unfortunately looks like the home will be selling at a loss.

At the end of the day PM services are generally regarded as a loss leader for vertically integrated real estate companies that choose to self perform this task.

If there is a lawsuit or claim, the claimant's attorney, as well as the claimant's insurance (such as the insurance provided by Airbnb/VRBO), will look to prove and demonstrate your liability in the loss.

Owner shall not hold the Agentliable for any willful neglect, abuse or damage to the Premises by tenants or vandals or others nor for loss of or damage to anypersonal property of the Owner or any tenant including loss due to exchange or theft by tenants or any third party.

This is an important status for people to go for since it allows you to write off losses from rental activities on your other active income. 

Who is responsible for risk of loss during the renovation and management period?