I'm particularly interested in understanding:- Key renovation aspects that meet Section 8 standards- Common pitfalls to avoid in the process- Any specific features or improvements that are highly recommended to facilitate a smooth inspection and tenant satisfactionAny advice or a checklist you wish you had when you started would be super helpful.Thanks a lot! 

If my wife and I manage all aspects of our STR business (no property manager, self-managing all of our bookings and guests, accounting, rehabs, working on repairs and maintenance ourselves) as we’ve been doing the last six years, would we be considered real estate professionals?

That is how Airbnb began, but not something I would personally touch just for the liability aspect of it.  

Thanks for your real world experience on that aspect of the deed transfer. 

For the project I plan on creating a system to address every aspect, step-by-step, of increasing the value of multifamily properties by making improvements that increase each property's net income.

Welcome to BP community @David Horton  It is a great place to meet new friends and learn about various aspects of real estate and more. 

@Karolina PowellA lot of people have mentioned different aspects of this in their posts.

And a few who do real, sustainable business.For an industry that loves to hate on agents, it's remarkable how most of them earn less, and do nothing compared to their peerset who simply get licensed. 

They don’t sell off their mortgages so I will always have a local connection in case I need assistance with the loan or any other aspect of my business.

Some people dont even intend to get that many however if you are trying to maximize 10 from each partner/person then you'd try to qualify and hold title separate for your own 10 prperties (10 + 10 = 20 total properties).You can also look at credit aspects as well but typically lenders will use the lowest of the 2 middle scores (3 scores per person but will use the middle score).So the most important aspects are the income to qualify for the loans in the case of full documentation loans.