Our two choices were Appfolio and RentVine.

The wise choice is to hire a professional property manager in that area until you have enough properties to justify moving someone there. 

The choice between maintaining liquidity versus reducing debt will largely depend on your priorities and future investment plans.As for subdividing or CPRing the property, there are several advantages.

I did a walk through on the property, and I think in my current market that this is not a reasonable choice for my investment money. 

Congratulations.Tough decision.I think you really have no choice but to sod at least the front.Don't use fake turf, and it isn't cheap anyway. 

Also, how much does the borrower’s track record or experience influence your final choice, especially if they've had success with similar projects?

@Greta Andrews Both real estate investing (REI) and business acquisitions can be profitable, but the choice depends on your goals.

But, it is the choice of the “student”.

Since you are focusing on 30+ days walk into the lobby of an extended stay hotel (Homewood Sweets, Extended Stay America, Choice Hotels with Extended stay etc.) and look for the reader boards.

What are the alternative choices if you don't pursue this?