Incorrect, not all liens stay with the property. 

For furnishing short- or mid-term rentals, finding the right balance between stuff that looks good, but which also offers solid durability and keeps your budget in check can be difficult.If your budget is your driving factor with your design decisions, I'd start surfing on Google image search or Pinterest - find a picture of a finished room that you like, and then reverse engineer it from products on Amazon and other similar budget-friendly sources.

It was admittedly somewhat of a frustrating process and I got the impression that lenders purposefully make it challenging to remove and do the bare minimum to meet the federal guidelines for removal (very slow responses to PMI removal inquiries requiring multiple follow ups, incomplete or missing information on the process of removal or borrower rights, calculating LTV incorrectly, etc, etc).

So, now I am trying to think through what would be the best decision for my family.

I would refer you to the questions I listed above as what to ask yourself before making any decisions. 

For the cities I invest in, I work with a team on the ground that helps me estimate all the costs so I can make a decision remotely.

If F500 are basing investment decisions of off it, I should too.

We finished remaining incomplete items and correct those items done incorrectly.

It also means I need to underwrite with CoC returns being more important as rent increases can’t make up for a poor cash on cash return.Folks who operate in rent controlled markets does it change how you operate both in terms of management and investment decisions?

I have read and watched a lot about it so I have surface understanding of how it works, but I feel that I do not really know much about details like tax implications , among other things that could influence my decision to start investing.