My role will be running day to day operations/ property management/ taking calls and running all activities after the rehab.Our initial thoughts are 1/3 equity.Quick Rental details: we purchased the home for 30k.

I have yet to come across a policy that covered for fraud or illegal activities. 

I am pretty active in the STR space in northen Utah.

Ya, just from a quick pull in AirDNA, the Conway market has 1700 active STRs so that's promising.

What actions and/or credentials make a landlord an active property manager to deem rental income/loss active in CA?

I'm from Leesburg, an active-duty Air Force member, too (retiring soon).

Jay, I am not sure what the market really looks like for builders in Midland-Odessa but it is crazy that there is not more activity in multi-family in that area. 

The title: The Pro's Guide to Property management Less Stress, More Rent, with Amelia McGee and Grace Gudenkauf. 

Listen actively to their needs and concerns.

And it can be done there locally.When I was active in Jackson there was my company and another called SIF one of the owners was married to a local doctor if I recall.