I have done Private Money Loans on auctions in the past.

Remedy after termination.If the rental agreement is terminated, the landlord may have a claim for possession and for rent and a separate claim for actual damages for breach of the rental agreement, reasonable attorney fees as provided in § 55.1-1245, and the cost of service of any notice under § 55.1-1245 or 55.1-1415 or process by a sheriff or private process server, which cost shall not exceed the amount authorized by § 55.1-1247, and such claims may be enforced, without limitation, by initiating an action for unlawful entry or detainer.

I'm new to posting here... was a member way back in my early days,I'll hit this "contact" button to try and privately get in touch.Thanks for the message

Happy to have a conversation further if you’d like.

If there's a lot, they're probably under priced, and conversely, if there's not a lot, it's probably over priced.

U gotta talk to people and find out through conversations.

Am I allowed to use a private investigator to do a background check on potential tenants, WITHOUT letting the potential tenant know?

You’d place in service with the total cost basis on the date on conversion to a STR.

Without a hours-long conversation, here are things I consider.1) I have never invested with anyone that charges an acquisition fee, and most syndicators charge an acquisition fee. 

They’ll send someone to look at it and (hopefully) help pay for the repairs, but you'll likely want to use an aggressive private adjuster that is going to advocate for YOU.