And the investment is tied up for an unknown number of years - estimated to be about five more years but no one actually knows!

I actually just did a renovation on one of our properties and split the master closet into 2 separate closets. 

I think if you have a HELOC accessible to you that is a great way to pick up an STR that you actually own.

@Christian Stoecklein some folks prefer an actual PM company for one reason or another.

Hey Chris, my partner is actually based out of Reno, NV.

Now, as far as undergoing the actual updates themselves...

Hi Rodney, Real Estate is a long term game especially in this market as its challenging to find actual cash flow properties.

One lender I had said they will send an inspector to confirm completed work, but never actually did.All of my lenders did require me to start with my own capital for the rehabs costs, and then reimbursed 80% of those costs, so I was effectively always 20% equity, if not more, in the deal.  

I actually do enjoy what I do, but I can’t find a way to do it part time which leaves no time for ME.

The lease we have isn't really written to accommodate this scenario- It has lines for the "tenant" to sign, but of course the company who's paying for it won't actually be the tenant/won't be living there.