A good approach is to get a local contractor or rehab expert to do a walkthrough (even virtually) and give you a line-item estimate.

You don’t need to grab a hammer and do it yourself to understand, but spending some time on YouTube, asking experienced colleagues, or consulting someone knowledgeable can save you a lot of money and stress.

Thanks in advance experts! 

So I figured out I'll ask the STR experts, given that it's a situation that's not unique to the area.

This depends entirely on the skill and knowledge of the Owner, the quality of the systems they have developed, and the quality and knowledge of the available pool of employees and close advisors.You can get into trouble fast if you are not well versed in Fed, State, and Local laws; building systems; background checks; and a myriad of other related topics.

You also want someone or a group that are not only knowledgeable but are timely & have good communication skills.

To me, this looks like a break-even play for appreciation, but I'd love to hear your thoughts.Tyrome RobertsThink Home, Think TyromeInvestor-Agent | West GA Market Expert

I had 4.5 years industry knowledge prior to starting it on my own as well.

I'm a property manager out of NC looking to get into the investments side of knowledge. 

Well even though you're 2 years late after I posted I appreciate the info and the knowledge you are sharing!