That being said, here’s what I would recommend for a thorough DD process:-Build a plan in advance (setup a spreadsheet, meet with the team, etc)-be prepared to take a lot of pictures -document notes with each room (we use notes on Apple and share it with the team)-align the team on standardizing information (example: what does “bad” mean, what does “okay” mean, etc - everyone looks at things differently and you want to make sure the notes are accurate during your debrief)-bring in professionals for things you can see, like sewer lines hope this short list helps! 

You will be lucky to get 20 years out of kitchen at STR quality and should maybe plan for 15 years.  

Even if the tenant can’t pay, it sets the expectation and documents the issue.Small Claims Court: If the tenant refuses to pay, you could take them to small claims court, where you can seek repayment without needing a lawyer.Security Deposit: If the tenant has a deposit, apply it toward the damages.Consider Eviction: Given the arrears and damage, eviction might be a last resort to prevent future losses.Talk with your property manager to create a plan that minimizes further risk.

850k roughly Are you planning to keep them as long term rentals for yourself or are you building to sell?

That being said, how does one go about getting architect plans for a home to get bids from contractors in a smart way?

Do an Internet search for “integrative clinic near me.”Most HAS/FSA plans expire at year-end; check with your company of Issuance for program details and restrictions.

Do an Internet search for “integrative clinic near me.”Most HAS/FSA plans expire at year-end; check with your company of Issuance for program details and restrictions.

@Caleb Brown Thank you for commenting and yeah I was definitely planning on trying to be more conservative with my spending as part of getting my finances back on track as I mentioned.

I do not plan on paying interest on the HELOC for more than 2-3 months, so I guess the better question is will my portfolio benefit from acquiring a 4th property by leveraging a cash flowing LTR and therefore increasing the interest rate and lowering the cash flow on that property?

Currently the plan is to use a lawyer the selling agent recommended.