You can still lose your investment in the LLC.

Risk of Losing Multiple Properties: If the borrower defaults, the lender can seize all properties used as collateral, which can lead to significant financial loss.2.

No matter the strategy so you can be ready in case anything happens where you lose your active income or a tenant moves out without notice whatever the case may be.

Who is responsible for paying the interest I am losing during these 5 days.  

@Bruce Woodruff, I want your extras added to this list first please.Anyone else have some good ones to add so we can help those who are in the middle of their first reno from losing more money? 

When someone can’t pay their home mortgage payments it is not likely fraud, just a job loss or business loses.  

Then, with reasonable confidence you can estimate costs.I personally don't love the square foot estimating method for remodeling as I think it is an easy way to lose.

An STR that is poorly managed may leave the PM without his or her portion of the income, but it may set up the owner to lose the property if that cash flow was needed to pay the mortgage.

I did get a complete nutjob once though that nearly made me lose my mind.

It will be more money out of pocket to furnish it, but if your area supports it, might be a good way to keep from losing money until you can long term it.