Here are my thoughts - 1) You need to know you are not going to OVER-use the HELOC or equity loan and buy random crap. 

Also make sure to include language in the tenant contract that your tenants will obey those regulations, lest you get "nasty grams" about crap on the front porch or unattended landscaping (assuming the tenant will be responsible).  

Complete crap. 

One person can find all the cheap, crap properties that the other can sell and do little to no renovation on them to save money.  

This has nothing to do with your 'feelings'.Before you keep trying get into further moot arbitrary arguments on the issue or boast of your legal prowess, first figure out how to get a darn title search done and don't expect a buyer who paid you for this... to contact title company with a tutorial on how to perform title related due diligence correctly.

I’ve got appraiser buddies but I’ve also got some on my crap list.

(We are long past the dip) Bottom feeders who purchased crap land for almost nothing in a down market will unload it for a profit in a boom.

Better than blowing the money on material crap I guess.

That's a lot of crap to juggle if you're only saving a few hundred bucks.

I'm afraid that most of the "You don't need to spend money on that crap" camp really just do not understand how the algorithms with these STR platforms work.