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.

Most PMs concentrate on marketing, and at least somewhat neglect operations.  

Long-term leases are less operationally complex and face fewer regulatory risks - more stable and scalable option.

OOS investing has operational inefficiencies, because you work remote.

It could be a game-changer for streamlining your operations.

Common tasks include guiding (for example, blind, severe physical disability), alerting (severe diabetes, seizures), retrieving/operating (pushing buttons, switches, etc).

I see a conflict of interest in your role as fund manager and principal in the “operating” company.

It would be ideal to chat with investors operating in the Midwest, but I welcome anyone's perspective on BRRRing from a considerable distance (plane flight away).Thanks!