2) what percentage of the buildout has been completed.3) does it qualify for an occupancy/fire permit (if needed) right now, if not what's the minum required to get this.4) Does she have signage up yet (a banner--anything).5) does she have the equipment needed to do the work--(owns it, or leasing it or making payments on it).6) is there a shower and toilet in the building (meaning can she move in and sleep there to save money)?

I did not provide soap, toilet paper, towels or sheets. 

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

Finding it challenging to  seek out any deals, but I hope patience will pan out.

I got my real estate license so I can send offers whenever without having to bother anyone and save on commission when listing.Obviously people will have a little shock when you come in a decent amount off asking but do you try to justify it to them and maybe plant a seed or just send send send til one pans out?

Someone that can afford 10 STRs doesn’t have the time to deal with toilets because they’re usually busy doing whatever it is that makes enough money to buy the STRs. 

In Sarah's case, the place is a home run just as a long term rental - so if the property pans out as a VR, it's turning that home run in to a grand slam. 

BEDROOM ONE:Build a new wallCheck window are for leak, subfloor looks wetBEDROOM TWO:Replace the sub floorMASTER BEDROOM:Move electrical panelNew walls around the large master bedroom closet replaced due to water leak from ACReplace subfloor because of AC leak causing wood rotMASTER BATHROOM:Replace subfloor in master bathroomRemove window from master bathroomAdd a vent fan to master bathroomAdd plumbing for another sink in old closet and replace subfloor due to wood rotMove plumbing from shower and toilet around.KITCHEN:Add recessed lightingMove AC ventWATER HEATER CLOSET:Make a new door for the water heater, which will now face the back doorRemove light switch for old laundry roomOLD LAUNDRY ROOM:Built in shelves.

One upside: if it works as a residential rental, you can always revert to that if the vacation rental attempt doesn't pan out.

It has all the stuff like... don't flush hygiene products down the toilet, don't daisy chain extension cords, etc...