As Joel notes, it is a great way to monitor tenant health and be prepared for failing tenants ahead of them stopping to pay.

Sec. 1.469-5T(f)(2)(ii)) – such hours include: studying and reviewing financial statements, searching for new properties, education, preparing summaries of the finances or operations, or managing the finances of an activity in a nonmanagerial capacity.Keep in mind that REPS can include a real estate agent and tasks that count can be different than a real estate investor....

You also need to be prepared to give them your deposit business a as well.

This entails building personal/working relationships with people successful in the field.

You will get pushback from GCs on this so be prepared to obtain several estimates and have several conversations before finding the one you ultimately hire.3.

If the leases are to terminate a month after closing, you should be prepared for the possibility of vacancies.

For example, you could increase the rent by $250 now and the remaining $250 after six months.Just be prepared for the possibility that the tenant might not be able to afford the new rent.

Maybe it’s the case that you can dispute the appraisal a bit and find better comps if you truly believed you were shorted on the value and also the rent, but be prepared that by providing other suggestions to an appraiser may not ultimately yield you any success because what’s happening is basically telling appraiser that they are bad at their job.  

I see similar listings up for $100-$180/night.I am preparing to get the property ready with about $3k in furniture, dishes, linens, and everything else to make it ready.

It is hard to prepare for me because I do not know if my next project is in 6 weeks or 6 months so interviewing now is sort of pointless.