Outside of the police report, I would just ensure all window and doors lock or functional.

I like to find owner finance deals and just finance the down payment for as many years as I can for cash flow.

Build - Rent - Refinance - Repeat the new BRRR with also hotel development and growing our land entitlement side. hotel development is simple, easy, and has institutional level backing. we really like extended stay development and just came from a hotel conference in Los Angeles. hope to close a few deals this year over 10 million 

I’m just concerned of legality of basement unit and like you mentioned permitted status.

Scale up, don't just hit the ground running.

Seeking insight from the community on converting a STR (primarily Airbnb) to long-term rental.

If you've owned for at least that, you're good.If you do a rate/term refinance, where just the hard money balance is paid off, rates will be much better.

Can fix the water damage in the basement yourself.

@Michelle Hardy Just adding, check your local city too for their requirements, many have specific requirements that the state may not have.Here in VT in the towns my properties are in, there is not a requirement to keep them separate or pay interest. 

Are they just going to teach me things I could learn here or other resources?