I share this not to discourage you from embarking on this project with you as a manager, but I flip homes and have seen for myself the incredible savings in time and money that can be activated when you have the right person overseeing the project and who has the relationships with the subs that can make sure to push them and hold them accountable.

Also,  when I handle a "multipack" of files the borrower receives a discount on total fees. 

Our difference is we "blend technology with a handshake" - we leverage technology to deliver lower rates than our competitors, BUT we don't compromise on expertise and personal touch.

Personally, I've learned an incredible amount in just the last 2 months.

Also you need to figure out how you intend to cover inevitable property damage done by guests but there are plenty of solutions for that in the marketplace where guests pay a flat fee per reservation in lieu of a deposit and you get covered for an assortment of potential issues (bad checks, credit card chargebacks, fraud, personal property damage, etc.)  

If you find one that does, expect to pay at least 15-20% management fees for handling all the extra headaches.

In the process of using a quitclaim deed to put it under an LLC and empty the property of personal belongings. 

If it is a one off event I personally wouldn't do anything.

It is not something for you to handle. 

How do you handle this situation?