Don't operate under the, "we get along and can figure it out" mindset. 

These repairs are through a contracting company owned and operated by the PM. 

We work with experienced operators that have great reputations and are doing multiple deals at a time. 

In our area, it is rare to find a gas station where the real estate is owned by the operator.

Opening a new fund or operating company and not reporting on the old fund’s results3.

It sounds like a few people on this thread don't really understand how PMC's operate or why they may charge extra fees.

CommissionerYou really need to see how this operates in the real world, and with a Tax Court Judge looking at all the facts & circumstances.  

Many local businesses that operate in the downtown area by the state park (including some famous attractions) close for the winter or reduce hours.

From my understanding, as long as you intend on doing a STR when you close, there are no rules against changing your strategy after closing, especially if you find that something else is more profitable.So in our case, the lender determined an STR would bring in ~$3500/month (with all of their conservative factors), but now that we operate it as a huge 3300 sqft Co-Living property, it actually brings in $7000/month.

This approach will allow you to focus on the financial benefits rather than the day-to-day operational tasks.Additionally, consider how this rental income will contribute to your overall financial picture.