With that they may be able to recoup from their renters insurance (hopefully you require this)  If locks are damaged and the unit isn't secure you would need to take care of that right away.

Like to learn about long term rental

We found that two key factors significantly helped us succeed with our short-term rental (STR): using NightlyPricer instead of AirDNA and opting for Safely Insurance.NightlyPricer: Rather than relying on AirDNA, we chose Nightly Pricer, which provides more dynamic, real-time adjustments based on demand, local events, and market trends.

Does anyone have any experience with furnished mid term rentals?

Great to see you getting into the Southeast rental market.Wishing you the best of luck.

If it's a good rental and you don't need to sell, sit tight but if you can sell at a profit and reinvest into a better property I would suggest that. 

A conventional renovation loans will allow you to use preferred contractors, requirements are they must be simply licensed and insured.  

Quote from @Lisa Albright: Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties.

In my home market of Florida, our insurance rates have made it much harder to have positive cash flow on a CRE deal.

What seem to be the best zip codes for rentals?