Most folks protect the furnishings with a security deposit, would make sure that is detailed in your lease agreements

A few of the details and questions I have are below.

I can’t tell from your post if you lived in the property during renovations, if this is your 1st flip, if you rented it, or your intent at purchase and these are important details that have significant tax implications....

@Issa Santos- I found 8 lawsuits they've been in, but I don't know of the details. 

They will generate a report to you based on their findings.Type 2 - conducted by an engineering firm where they will have you complete a questionnaire.The questionnaire will ask you details regarding the house and therefore, I would recommend having a home inspection or appraisal at the time of completion.The above two studies have pros / cons and differences in cost and turnaround time.Best of luck.

Consulting a CPA is a must to navigate these nuances.Double-check these details with your lender and CPA to avoid surprises and keep scaling smoothly.

You don't need to include the specific details on where the security deposit is held in the lease.

On top of that, I watched Zach and Rick’s videos, which are great resources and completely free.

I see a lot where newbies are asking for help but as newbies, it feels like they are missing a lot details.

However a more experienced person might now better all the details