It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

Since I’ve been syndicating real estate debt and a few equity deals for 25 years, I’ve made it my business to maintain a constant “overview” of the “product” being offered.  

Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.

While PM itself won’t create significant wealth, it opens doors: when clients sell, you list the properties; when investors buy, you manage and maintain their assets.

Note i put forth effort in an attempt to maintain a leveraged position   With the recent rate hikes, my equity position has never been higher which i consider undesired (but teading 3% rates for over 6% rates is more undesired).  

I'd consider doing some kind of cash out refi on the property at a number you're both comfortable pulling out, while still leaving $ for reserves to maintain the STR you currently have.

Its costly to maintain a real estate license.Also keep in mind if you are not a member of your local board, you can not use their forms.

., as well as most countries require the settlor to give up control and benefit of the asset in question for the “asset protection” aspect to be legally effective, some countries (usually very small countries) have laws for trusts that theoretically allow some control (or at least input) of the assets by the settlor while still maintaining the asset protection feature.  

Some investors rely on the BRRRR method to keep their capital working, but in a high-rate market, a short-term strategy like flipping a property could also provide a quick cash injection to maintain growth.

Maintaining that relationship beyond just the lease up process and whenever the tenant has a maintenance issue or lease expiration completely changes the dynamic of the relationship.