Hey @Max Dauer, so during the high season, probably about 5 hours a week.

In general, the booking lead time has been the lowest in years though (used to average around 40-45 days now its about 25-30 days) but our occpuancy rates are still as high as ever. 

That’s why the rate is so high. 

Aside from that the biggest value add areas I see are as follows: Kitchens, Bathrooms, decks/patios (if added), additional rooms/bathsKitchens and bathrooms tend to be the go-to, but all of those can help you get the most bang for your buck. just keep in mind that if the area is already of high quality, then it may not be the best area to spend the money vs something that is blaringly in need of an update.

Due to the high interest rate, it is hard to make the strategy work -- the rent to price ratio needs to be very high (1.5%) to make positive cash flow.

Hey Nicholas,Like you mentioned, I'd pay the high interest loans off as quickly as possible. 

Build an SMB on top of your real estate (the reverse of #2)Short-term rentals and high owner-participation real estate businesses can have great returns.Obviously not for you if you just want passive RE.We are in the deep end here, where each case should be judged on its own facts and merits by your CPA.You should hire a professional to review your particular situation before you make an investment.

There are plenty of sponsors that projected high-teens returns five years ago and delivered in the forties three years later. 

I have mine really nicely furnished with good quality furniture and high end finishes (quartz, stainless steel appliances). 

If you are using local banks, there is a high chance it won't connect.