We made the decision to rent and prepare our house for long-term rental.

I have invested in real estate casually in the last several years, and am looking to step up my game by learning from those willing to help, and succeeding with real estate. 

I will certainly work on updating the photos and adding more artwork.

Normal wear and tear would be a few small nail holes for hanging artwork, a clock, etc.

The loft is very successful on Airbnb and people love the main house for long term rental.

Being out of state, I would suggest vetting your "team", meaning find an investor realtor, lender/s (hard $ / long term), property manager, contractors, etc.

You can offset other passive income of gains with depreciation from your long-term rental.  

The time has come for me to start investing in real estate and before doing so i'm looking to build a strong and dedicated team of partners: agents, lenders, contractors and property managers mainly in the Cleveland area (but also open to markets within a 2-3 hr drive away) that already possess an excellent track record in their line of work and that value long term collaboration.

Quote from @Chinku Chinku: Got a townhome in suburb area of Houston for long term rental close to katy mills (<5miles).

I am considering in investing in Single-Family/Multi-Family mid-term and long-term rentals.