We've done demos with all of the big name PMS options and are finding big gaps with all of them, mostly when it comes to payment processing.

I'm open to suggestion regarding strategy and location and willing to put in more work for better returns, but I certainly need to grasp a better understanding of the process to get started across the border. 

How does the Airbnb licensing process work in your area?

We have helped a ton of clients with the process here in Chicago..just be sure to find a team (Agent, Lender, HUD Consultant, and General Contractor) that has done these renovation loans in the past!

If you want to learn to do it the right way then Peter can help. he has training videos and a process for everything.

During the "fix up" process, you would use a different kind of loan that will end up converting to a DSCR loan once you have tenants living in the unit(s).So, I would need to use maybe a construction loan for the renovations and then convert it to a DSCR loan?

Your time is best spent producing the revenue that allows you to invest in the first place.That includes using local agents you meet and feel are a good fit for you, property managers, possibly buying completed properties like the one you posted here, and outsourcing as much of the process as you can as you get started. 

Once you find a good, investor-friendly realtor, the process will become a lot easier.

The whole refinance process is not clear to me as I haven't gone through it myself or see it first hand with a client of mine doing it.

Over time, you’ll build a more accurate dataset tailored to your portfolio.Hope this helps—getting these numbers right is an ongoing process, and you’re asking all the right questions to set yourself up for success!