I'm not looking to create cash flow, replace, or supplement income, so as long as the place isn't hemorrhaging cash, I'll be fine with it.My 'ask' is to connect with folks who own or manage any STR / MTRs in the vicinity in the hopes of just getting more knowledgeable about the local regs, different communities, etc.Thanks!

And of course there is no replacement for experience.

You will still be buying a property from "X" party (but not you) your LLC replaces the "cash" in your transaction. 

It would involve installing new dedicated water pipes per unit, three combi water heaters (to replace the two conventional water heaters and the central boiler), and three gas and water meters.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

However, if the furniture is infested, you probably need to replace affected mattresses and couches.

If your A/C unit is 10 years old, replace it.

I have not yet had to replace a laminate countertop that was put in a remodel, where some are now more than a decade old. 

For those who have been doing this longer than me how quickly should I be getting these tiles replaced?

Also have a foundation repair engineer confirm the status of the foundation.3) Request for the most recent survey of the property.