Also, it creates value as properties are improved and a service is offered.

Turned spindles don't match the modern vibe you are going for in the rest of the house.7.

Property management and cleaning is key - since you don't live far away, you can get away with managing it yourselves (communicating with guests, arranging cleaning, arranging repairs) but you need to find a cleaning service who would be available in the short turnover window.

How much are you planning to borrow and will the new actual income adequately service that debt.

Once you figure out exactly what they are doing or how they structure these it would be a nice service to post about the actual set up .. 

Another idea is to only refinish the staircase and cover the rest of the hardwoods with floating vinyl plank - we have done this in cases when it was cost prohibitive to refinish (due to required patching).

There’s no one on a master lease so their each only responsible for their rooms but no one responsible for the rest of the house.

It certainly does fulfill the requirements I'm looking for but I guess I should also indicate that I'm not interested in servicers either.

She kept the apartments maintained and heated (one one system and service now) but never rented and legally converted it to a SFH with the town. 

I would like to speak with those with experience in their service.