They then cut sales and that lowers previous home sales by new lower sold comps.  

DSCR has slowed down ever since lenders cut staff from Covid and most didn't rehire.

If they require an appraisal, they will likely cut the loan amount, too (standard LTARV is 70%). 

Would an attorney be necessary or break the bank here making it a waste of money? 

@Marc ShinI'd hire professional management...If it's going to be an STR, you really need it to be top notch, appear top notch, and be managed top notch"Minor updates" may not cut itBut I only have the limited information you posted

The jobs report likely won't impact whether rate cuts will come, but could impact by HOW MUCH rates will be cut.

A process server is about $100 to serve, much better than wasting your own time.  

For the 10 year period spanning August 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.5%.With inflation nearing its 2% target and signs of a slowing labor market, The Federal Reserve is predicted to cut rates as many as three times before the end of 2024 (see here).

The “how bad do you want it “is a great headline” but not everyone is cut out to do certain things.

If you think rents will continue growing and values will continue growing, then buying before rates are cut could be good.