My opinion would be to put in the 10-15k for upgrades, take care of any maintenance items now while your living there, rent out the place for a year and see how you like it.

Monthly 1 year rental history is $4,200 per month with leases in place at this same rate carrying through next May.Looking to completer the BRRRR and do a cashout refi and the bank who I have the $271k loan with said they could not do a cash out refi2 j as I don't have a traditional W2 job currently and my 2020 taxes show my investment properties as operating as losses (I have 4).  

Then you do the same exercise for other major items than may need to be replaced sooner or later.

They have a 20% admin fee added on, but at least then I won't be held liable for their items.

As @Scott Runyan mentioned, the size of this deal seems better suited for a JV or partnership than a traditional syndication. 

Once those items are fixed, then look for a local lender to refinance or get a HELOC.

I'm in Ludlow, VT and found there's a zoom call tonight to go over a bunch of items, to include an update on the rental registry pending regulation. https://vtstra.org/regs My property has an accessory dwelling unit with an established long term tenant which looks like will keep me safe from future push on my STR.

Also need to crunch the numbers on selling off the items here (solar, some equipment, etc.), get demo estimates for the outbuildings and septic, and determine the feasibility of selling the house quickly vs paying to demo it.

Or we don't need to do any cleaning, just have them swap personal items, and sign a lease amendment to say the new tenant will be responsible for the rent and damage.

@Mike Simon, with the commercial space, who is responsible for the equipment (specifically restaurant spaces and their fixture items)?