This was my first real estate experience and I got a glimpse of what the entire process entailed from beginning to end.

@Susan Smeland have your daughter read up on STR and what they entail. 

Anyone who has done substantial renovations, what does the process entail?

Since the current tenant in place is a realtor, she was aware of what that entails.

Received their LEAD CERTIFICATION CERTIFICATE entailing of several hours of education.

@Christopher Phillips,What do you mean by applying for a non-resident license and what does that entail?

Which I have nothing against.This forum actually does entail discussion as to what is considered an ethical or unethical practice, by the way.

I'm not sure what this will entail, but it sounds like it's going to be expensive and possibly involve a monthly fee?

Ok, now that you have taken your initial step, below are some quick links to get engaged.Since your interest lies in turnkey properties, I added the below links for your review while waiting for feedback from the community.https://www.biggerpockets.com/renewsblog/2015/08/20/askbp-089-how-do-you-evaluate-a-turnkey-company/ (Turnkey Evaluaton)https://www.biggerpockets.com/renewsblog/2014/03/23/what-does-turn-key-real-estate-business-entail/ (Turnkey REI) http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/rei/glossary/https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

Contact 5 + HM lenders, and ask them from the borrowers perspective what their due dilligence process entails.