Sounds like they just need certain forms filled out to process the rent increase unless I am missing something?

You can be successful, however, you'll never know what you missed. 

Missing some soft costs like repairs and capex. minimum of $150

You simply 'have' to be on airbnb or you will miss out on business.

Drink if you want.

Any other big things I’m missing as far as trying to understand this property?

A good starting strategy is to figure out the ideal agent that you want working in your company then figure out what they are missing in their business and offer your company as a way of solving that problem in their business. 

I am not concerned with the fear of missing out (FOMO).  

I don't know what we are missing and I'm terrified.

Real estate clubs, easily found on Meetup, are a great way to form these.Since COVID, there are two missing questions that are important in my view.1) Among your first questions should be asking a potential lender where they get their money.