There is going to be a trade-off between cost versus quality.

$4000 across 3 doors is $1300+ per door-- likely better than any cash flowing asset you would be trading into.

I know there are a lot of moving parts to these, but does anyone have any advice for executing these effectively?

(Before inspections were done from the BHFDP now the new person is a local well known building inspector with years of experience and owner of his own building inspection company, he will find something if it is wrong or right and he will point you at the right direction how to fix it.)Last 10 years the rental market including hotels has only increased, we are likely to see some drop but not a full stop.Majority of tourists are coming to town within driving distance, that includes, NH, CT, MA, NJ, NYBar Harbor will have its struggles I am sure, your neighbor might hate you for having STR but with the right management you can accomplish a lot and mitigate risks.Anyhow, there are some valuable advices above and I would suggest making peace with yourself, that good management company will cost part of your income, but you may not even have to lift a finger.There is a lot to learn, but been busy making great income on your w2 is it really worth "learning another trade".So much to learn especially with the clientele we get.Building reviews the first season is very important, having a co host someone with reviews and local experience can be more valuable than any other "online non personalized service"Anybody that just red my novel, thank you!

And then 3rd floor was a major project since the floor was unlivable so I wasn't sure I'd have enough money and didn't want to bite off more than I could chew to start.I say all that to say, while it's most time and cost effective to renovate by the trade and get it all done at once, sometimes that's not the best for your situation.

We are looking for feedback on how to properly execute this deal with the private investor where he has ownership in the deal?

@Dave E.

I know it sounds generic but the experience from those 3 trades are irreplaceable. 

Originally posted by @Shakeema E.

Schedule E vs.