While convenient, it’s not necessary to pay that much unless you want the hands-off approach.Since you’ve already set up an LLC before, you can absolutely do it yourself again.

It absolutely always takes longer and costs more than you think it will. 

But if they own a cabin in a str area, I'm saying they absolutely aren't renting it out as a long term rental. 

Absolutely!

In my own personal experience, self-managing an STR can be quite a hassle at times, and not so bad at other times. 2 years ago my answer would have been that the juice is absolutely worth the squeeze for me.

That storm was absolutely horrible, sorry you went through it, but glad you found the positive side of things!!

I absolutely love reading and learning about realestate.

Absolutely going for foreclosure.

I would absolutely take a peek at that appraisal for you, no obligation at all, to see what next steps for you could be. 

Yet, the things your saying STRONGLY sound that you have absolutely no clue what your doing or talking about.