Required rehab and furnishing. 50/50 equity with a business partner.

Now I have to furnish the property as well as make some improvements to the property by hiring contractors.

We had extensive repairs to the subfloor and went pretty much down to the studs, yet were able to keep our costs under 12K, even with furnishings.

Since I don't know how I can do better about the renovation part, so let's skip to the part about furnishing.

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I'm also interested in replacing my W2 salary eventually, and I've been using my units as Short Term Rentals or furnished mid term/Corp rentals as a way to get more cash flow and excellerate my goals.

Once inspections were complete, we asked for no repairs in lieu of all furnishing when we saw that the repairs were minor.

I'm operating it as a vacation rental on Aribnb/VRBO/Furnished Finder.

The management team usually hires a CPA to take care of the accounting for the deal, so they will furnish you with a K1 that you give to your accountant that shows your portion only. 

Have you tried slightly lowering your rates to try and get some more bookings in, or have you recently gotten a bad review or two in a row, these are things that could possibly impact how much you are getting booked.I also could recommend that you get something that would make your listing stand out, such as a revamp of your furnishing and design, hot tub/pool, game room/ movie room, pool tables etc.Hope this helps you out, let me know if you have any more questionsBest of luck, Mike