I'm in the Tulsa market.

This will usually be an excel sheet, or maybe something fancier, that will outline, item by item, everything that needs to be done, parsing out every item, labor, materials, etc. 

How do I track my material hours on my investment property in order to take depreciated losses against my W2 income.What is the best way to track my hours to make sure I get to 100 hours and more then anyone other person involved in the STR?

You could learn the necessary skills to furnish, market, & manage the other unit.

For context, I do have a decent grasp on the real estate market and financing as I have been a mortgage loan officer for 4 years now.

Considering my inexperience in the market driving a lack of capital prepared, I've been looking at the requirements of an FHA loan.

Have you looked into the specific market?

You're going to struggle to find lenders willing to loan to you at some point unless you're getting creative, buying below market deals, or adding value via remodel.

Hey Aryan, I learned a ton by cold calling for off market deals in the markets that I work in.

Treasury bond money market funds pay over 5% now, tax-free from state taxes.