Short-Term Rental:Long-Term Rental: Offers stable income and is generally easier to manage.

I ended up doing the work myself on this project but I will have it done in May and be looking for a new investment. 

They likely also have contacts in the area that could help oversee, maintain, and manage the property. 

I am committed to managing the project diligently, ensuring that every aspect of the rehabilitation process is executed with precision and efficiency.I am open to discussing various investment structures and terms that would be mutually beneficial. 

Curious how you and your friend will be managing the financial contributions and ownership structure?

(I also do all of the advertising, tours/viewings, communications resulting from the advertising, but once all of the rooms are rented, and I am purely managing, how are property managing hours discerned, I suppose that's my question here.)

Your property manager's comfort zone apparently doesn't extend to the larger project you'd like them to take on.

I own a STR unit at Northstar and managing the permitting process has been pretty easy. 

Subtract all costs (mortgage, property taxes, insurance, maintenance, property management fees, and HOA fees) from rental income to determine the estimated monthly cash flow.

I woke up one day and realized I needed to run all my deals in the same way a hotel manages all their properties.