Then later today the investor chose to include me in a group text he has created with other people on the road leading to the housing project about how great of a victory it is that he’s gotten the dumpster moved and that he will be cleaning up the space and planting grass and greening it up come summer.

I have helped a few other BP out of state investors get started in Hamilton, let me know if I can be of assistance.  

Let me know if I can every be of assistance!

Getting started is the hardest part of anything, but it sounds like you already have experience renting, holding, and managing property.That's one part of the BRRRR process that is no longer a mystery for you and I think that is awesome.If there are prospective deals that you are considering and would like some assistance for reviewing the numbers, that is one of my favorite parts of being a lending partner.

I think you would want your family to have access to money as well since there are payments due and a lot of money might be tied up in probate (this could create an issue) - life insurance and/or a shared business account could allow for payments to be made until the regular accounts are easily accessible 

Let me know if you need assistance!

Can you actually just create 3 STRs off that unit?

The postings created by a property management company will likely include the property management company's information in the description (they may even have their name watermarked on all of the listing photos).

He had equity and pulled it out of the home creating a mortgage that today is more then the value of the home.

Regardless of your choice, it is crucial to maintain the property in good working order and have sufficient insurance coverage as a defense against liability claims.