Buy the rock solid rental and get your appreciation, cash flow, depreciation, principal pay down, equity capture on a discounted by and forced appreciation gain for a well targeted rehab.  

Pre-schedule all your maintenance items and setup a re-occurring schedulea. 

You need to do an inspection to itemize his security deposit, and the less crap there the easier to see the true condition. 

It's ok and still good for keeping track of items, but the little annoyances just turn me off.

One item I can add from being a guest at a STR...keep up on your pest control (this includes mice/rat control). 

My day job has software that contains a feature that could help with #4 and #5...To post an item the process is to enter it into the search bar and a list of previous items appears. 

Will be way cheaper.Have the engineer, put together a cost list by line item. 

Note many cap ex items have lifespans over 20 years.

Get the lender to explain the items to you- Dont make surface level comparisons of monthly payments or APR.

That's my top priority for wish list items and no brick and mortar bank can help with that, lol.