We are working through gutting, remodeling, and furnishing those for $1150/mo extended stay for traveling nurses and other pros.

Take on fixed debt while it's cheap and build as many income sources as you can.  

My thoughts on the JT right now is this…The air bnb boom started when the pandemic had travel restrictions at its peak.

I think it's debatable, but for people who travel a lot for work and/or have a high paying W2 they may deem it more worth it than someone bootstrapping. 

Because the leads are free/cheap right?

I would think in your area that you could rent out to traveling nurses pretty steadily or one of you would have a friend or 2 that you wouldn't mind renting rooms to and living with for a year or 2. 

Do not go cheap on the rehab or skip fixing an old AC.

Do not go cheap on the rehab or skip fixing an old AC.

Do not go cheap on the rehab or skip fixing an old AC.

I am clearly ranting now, but meanwhile the foreclosed upon occupants are traveling around the world which I have been sadly following through my frequent check ins via FB.