That is a very saturated market for STR so I do think it makes sense that 1/3 is underperforming, but based on taking a loss now, I would probably stay tight and keep going because you have the set up in the area.

Good luck, and keep moving forward.

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Just like you would do with any non-family contractor working for you:- get them to complete Form W9 for you, as you will need their SSNs- have them provide receipts for materials/supplies and keep those receipts- have a written labor agreement (how much and for what) - pay for materials separately from labor- make all payments electronically rather than cash so you can trace them- pay out of your business account, not personal- issue them 1099s next year if you paid them $600 or more for labor (for the whole year, not per job): https://www.biggerpockets.com/forums/51/topics/1167632-expla... 

So the goal would be for the property to be transferred to a new owner while keeping in tact the same mortgage. 

Get used to it, and hire it out, and keep your receipts.

Keep it simple!

Finally, this can be time consuming but if you plan to keep working in this market with these types of properties, it may be worth it to reach out to people who have shown interest but didn’t follow through.

If you are only paying a portion of the heating costs, keep in mind how much longer it will take for any updates to pay you back as opposed to a situation where you paid the entirety of those costs. 

If not, how do I go about finding someone to partner with so I can keep this house in the long run?