Save the thousand dollars.Look up the SEC investigation @Carlos Ptriawan 

I ditto the above comments to investigate MTR property managers, as well as tax consequences.

So its not very clear in the pubs anywhere... the exact time between making it an STR then converting to a MTR is at minimum 1 year. 

One red flag is if the property is being marketed heavily by unregistered regular broker , that’s what happened in my Ponzi scheme fraud.as the result of investigation those marketer now has to return all their commission to SEC. but at the end this turn out to be good because asset value is increasing compare if I invest to office building and lost all my money.  

@Shrikant KakaniTo identify the best real estate investment market, investigate secondary and tertiary cities in the Midwest and Southeast.

You probably need a lawyer and to investigate the current state of the bankruptcy proceedings.

I'm trying to learn what all I need to be investigating when analyzing a market.

If you are going to expand your market or consider bigger properties, I suggest you investigate some multi-family training programs like that offered by @Gino Barbaro. 

This links to the system design.Here is my guess regarding the system size trending (I might be wrong) - Most of the developers I have got in touch with (at lease in CA) are still interested in 1-5 MW projects as more and more transmission project suitable lots were taken/investigated/too expensive to construct.

He is a family friend and we have even looked at some off market for sale by seller too that I identified stuff where he wouldn’t even earn a commission and he was happy to investigate for me - more of a looking out for me / family than counting a check (I am not looking for expensive real estate and he has owns the brokerage of 20+ agents, unfortunately my purchase isn’t much of a profit opportunity for the office but would probably be more embarrassing on him if we get something wrong  😂) Noted on the inspection though and I will stipulate it is a deal breaker on my side.