Continually communicate clearly with all parties involved to make sure that expectations are as close to realistic timelines as possible.

They unleashed pandemic handouts and loan programs that greased the economy (this was not well thought out, contributed to the inflationary environment we are still suffering from and PPP and ERP loans were flooded with fraudulent loans and benefits)These programs leveraged existing corporate infrastructure (banks and the government had little or no operational involvement). 

When I involved booking (after 2 eeeks of calls) they finally documented the missing fob and sent a request for the guest to return it.

Usually, this is a sign of stability and a preview of the types of people who live in the area. 

A lot of it has to do with location and time.If they are local owners looking at 1-2 LTR properties, I'll assist with identifying cash flowing/near cash flowing properties, assist them in the purchase as their buyers agent and assist with tenant procurement, listing, etc. but they can typically handle day to day management from there.Furnished properties, whether that be MTR or STR, are a lot more involved, as I'm sure you're aware of!

I'm happy to rent in a C-class area, even though it can take some work to stabilize a property.

And assets that provide you with great depreciation but not great income or stability are just a form of robbing from Peter to pay Paul.   

Which level program were you involved in?

Personally, I would never invest in a place I didn't even visit and also meet/interview the people who would be involved (agent, manager, contractor, etc.)

With your additional $100,000, you’d have a nice cushion to renovate or furnish a property like that.It really comes down to how involved you want to be and your long-term goals.