There are tons of other options and areas, but some are harder to get into and others don't have as good of cash flow. 

When I was looking to find a property management company to rent out my own house I wasn't getting enough value for the money IMO and I would've loved if they offered an option where they only took care of maintenance and charged a lower percentage.

There is even more options on hemlane about them providing some sort of payment card.

Looks like mid-term could be a good option for you.

Lynnbrook is a great option since they understand and were built for STR hosts.

If you have other ideas or questions, I've a previous post about this property here when i was exploring other options: https://www.biggerpockets.com/forums/41/topics/1163859-hoa-f...

I don't have the option for house hacking, but I do have some friends who are willing to invest money in some projects with me.

If that does not organically happen fast enough, I would give a couple of residents at a time the option to (1) stay in their current unit at renovated rent levels and perform renovations that can be done in an occupied unit (2) move into a renovated unit at renovated rent levels or (3) move out.

People struggle with it - both guests and hosts - but if you have the right property at the right price in a high demand location and you understand how to us it it can be a great option.

Let's discuss options to best suit your father's scenario.