There are short-term rental management companies that can help with that.One that I work with in Michigan covers the entire state and can advise on local short-term rental regulations or regulations that may be on the way, they can give you an analysis of the demand for short-term rentals in that area, nightly rates in that area, monthly occupancy percentage, and projected monthly income.They also let you choose the level of service you would like from them from full service to minimal.To your success!

Of course, you need to choose your areas and decor wisely, so I recommend working with someone experienced who knows what the clients there are looking for.

Just think about yourself when you choose to stay at an airbnb.

There are hundreds of lenders that you can choose from offering nice looking terms.

I’m curious—does the fee get waived if you choose to self-manage?

If you don't open everything up you have more flexibility on what you choose to upgrade. 

5 - What will the quality of the exterior finishes you will be choosing?

From both a real estate and STR perspective, the key to success will be choosing the right market first.

Depending on your down payment (which it seems like you have a good amount of liquid for that) they can nicely cash flow.Ultimately, success in real estate investing comes down to choosing a growing market, investing in a good neighborhood, and building a strong team to support you.

If you don't want to go that route, you may choose not to renew their lease.