Anything that is almost guaranteed to be used daily in your rentals (i.e. couches, bed, chairs), I'd try to invest in as much quality as you can for those specific items.Some store sites will let you filter for "contract grade" or "commercial grade" items - these are the sorts of furnishing that get put into higher-use commercial applications such as hotel lobbies, apartment building amenity spaces, etc. 

It's very risky having an alteria motive when going through these processes.

I was previously told that only the owner could make any sort of deal before auction, since the attorney doesn't represent them.I find this all very fascinating.

Their owner statement is a nightmare to sort it.

That sort of thing.The last thing I want to do is bombard a bunch of family members with what they might consider spam.

From the lenders point of view, they want to see that you have "skin in the game" that way if you do run into any complications, you'd be more motivated to address them as you are invested financially in the project yourself.Regarding the tenants, I'm a bit less experienced in that regard.

They certainly don’t do any sort of ownership verification before allowing you to list a property.You’ll no doubt hear from the BP community here (probably even before I finish typing this) that despite all the Instagram millionaires STR arbitrage is not a good business model and is generally discouraged.

The agency thing MUST be sorted right from start, that's clear. 

It is much more hands on and dependent upon some sort of subject matter expertise.

This framing of path of progress vs re-development is helpful too in sorting out strategies.