I'm just really glad I am not running the daily operations.

I'm assuming another update will be coming shortly, although I don't expect much progress.

Mistakes I see people make is they plan on living there a short time and over renovate the property where they will never get the money they put into it back. 

Quote from @Aliya Turner: When we took over managing this short-term rental, it was struggling with low occupancy, inconsistent guest reviews, and poor pricing strategies.

They are for holding that property only - that money IS your cash flow. 

Long term/ short term rentals would work, ideally in the $400k range or lower. 

Quote from @Maxwell Servais: I have a tenant in my 4-unit property saying that hot water runs out after about 10 minutes.

So many "investors" bury themselves in complex, expensive situations to protect themselves from some unknown threat to their non-existent business.Figure out if you have any shooting skills (or even enjoy the game) before spending money on $600 Nikes or an indoor basketball court. 

Working to systemize this business to run efficiently with future limited supervision to then take the cashflow/profits to continue investing in building our long term rental portfolio as well as invest in other business endeavors.

I saved money for a major renovation project that is eating up most of my reserve.