I created the following decision tree diagram to illustrate the decision process (click to enlarge).The above decision process is based on the property’s performance record, with the goal of achieving financial freedom in mind.Financial freedom is not just replacing your current income.

This is an ongoing situation and I’m hopeful that with RTR’s help, this story has a positive ending.TLDR:Property not performing as advertised.

The Cape also in my opinion is oversaturated with STR's so it's challenging to find a base number of how your property will perform. 

My wife and I have a few homes near campus we use as student rentals and they certainly perform well.

Welcome to the forum @Chris Primavera.Seeing as you are brand new today, it would be good for you to search on the forum for those areas and read everything there is about those markets.Grab @Avery Carls book Short Term Rentals Long Term Wealth and read it. https://store.biggerpockets.com/products/short-term-rental-l...It is chock full of info that you need.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

If the home is 100 yrs old, I'm assuming it's a definite gut which is going to require new plumbing, electrical, heating, cosmetics.I spent about $140K reno on my multi family in the heights on NY ave and there were massive problems with it but it was a gut to 3 units & adding 2 bathrooms, 3 brand new kitchens 4 bathroom reno in total, all new flooring, sheetrock , insulation, framing, doors, electrical, plumbing, paint, parts of roof etc.

If the assets makes financial sense to keep otherwise, hiring a PM solves your problem and allows you to keep a performing asset.

The algorithm measures interest by these activities and pushes your listing higher to the top.Also, go into the Airbnb page Insights, Performance, Views to track your page views. 

Is there a move here, could you try to buy the non performing note?