Aso address the tenants concerns and have them confirm they are planning to leave and ask for notice according to lease?

However, I confirmed with my attorney that I can also borrow from the partnership LOC if needed.

You'll want to confirm how many years your PPP would be and what the penalties are as they may be a stepdown such as a 5/4/3/2/1 or they could be fixed as in a 5/5/5/5/5 for the penalty.

Booking.com is even more expensive than VRBO/ABNB, so you will likely be costing yourself money for every Booking.com reservation.

Regarding payment terms, the seller wants 10% at the reservation of asset (this month), 10% in a couple of month, and the balance at the signing of the deed of sale in December.

With only 30k, your reserves could be eaten up very quickly.

The easiest way is to bring on a partner who has a lof of capital they are looking to deploy, but I always encourage having sufficient reserves.  

., $100k-$200k) for reserves, renovations, and future opportunities like syndications or funds.

I'm looking for advice and input on whether our initial strategy idea seems sound--We have up to $400k cash to invest in a property (this is aside from other cash reserves that we want to keep on the side).

After speaking with the owner of the company he confirmed that it would be recorded and his lawyer would be handling all that.