You can definitely get access to the capital you’ll need, but set the expectation for yourself that it won’t be a cake walk. 

Start by clearly outlining your renovation goals, and follow up with an in-person or virtual consultation to ensure both you and the contractor understand the vision for the project and expectations.

People don't read STR descriptions you see this alot with international properties where people expect US standards.

In this area, can expect around $4K/mo for units such as this.

What should I expect the cost to be? 

They're pretty organized, but expect annual inspections and some extra paperwork. 

@Paola AstridRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Rank every property you own from worst to best in expected capital expenditures4.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

Tenants know to expect them.