Try interviewing at least three managers.1.

It's way easier when you have a turnover.My wife could manage this and she's hands off with the tenants. 

Quote from @Anshuman Thakur: Can someone please shed some light on how- convert 401k to SD IRA- how to use SDIRA to buy properties- how much down payment is typically required if we are using SDiRA to only fund downpayment on a multifamily CRE, and which banks typically work with SDIRAs- how does LLC structure- property management and cash flow work in this situation?

I would try not to tie up any of the principal in down payments.Personally, I had a family member do this same thing, but they used an investment portfolio as the collateral instead of real estate.If you play your cards right, this might be the only short-term money you ever need.Please let us know what you end up doing.

Looking for a local connection with experience or network within construction management field that has done a development deal or know someone that has.

Have you considered investing in any other markets and how you plan to manage the property? 

I am a voice of common sense and help them come up with the best way to manage STRs.

The property sold for $154,900 on 2/7/25, delivering a successful outcome thanks to strategic updates and efficient project management.

And the hardest part of all this is finding sufficient labor to rehab/manage the property. 

It also adds complexity to management.