We don’t do over the top amenities, just basics like coffee, televisions and comfortable linens.

Although STR can seem sexy and the potential to make more than a long term rental, you also have to consider the start up costs...furnishing, linens, plateware, small appliances, washer/dryer, baby gear, decor, pictures, curtains, televisions, games, routers, professional photos etc etc.Hope this helps a bit, not trying to talk you out of it, just food for thought.

I used him again for another lead, and he drafted the purchase contract again (basically changed the names, pulled in the new exhibits like legal description etc.).

All documents even those you will not sign should be presented to the investor as Exhibits at signing, so can really show you what these look like. 

I work in music for film and television, and unfortunately still need to live in Los Angeles for the foreseeable future (though that my change).

The buyer was going to pay cash from the home sale for the purchase, so I added the All Cash Purchase Exhibit. ( I called the agent when I submitted the offer and informed her that the cash to purchase would be funds from the sale of her home.) 

Find out who is exhibiting or sponsoring meetings around you (look at past events as well). 

If you see their add on television or hear it on the radio, they probably don't do what you need on a regular basis.  

Immediately after getting an LOI or contract i request the following items....Exhibit BInventory of property tools, supplies and personal propertyExhibit CService contracts including trash, laundry, extermination, lawn service, etc.HVAC and/or boiler reportsExhibit D Property management license (if applicable)Certificate of occupancyExhibit E Certificate of insuranceInsurance claims history for the past 2 yearsExhibit F Commission agreements with the leasing staffCurrent property management contractAny other vendor contractsOther Requested Due Diligence DocumentsLast 2 years of financial operating statementsA year-to-date operating statementLast 6 months of bank statementsUtility deposit registerUtility bills for the last 2 years.Property tax bills for the last 2 yearsIRS Tax returns and addendums for the last 2 years (as relatedto the property only) Articles of IncorporationGood Standing Letter from the Department of RevenueAny licenses in the name of Sathyam EnterprisesRent roll for the property for the last 2 yearsSecurity deposit registerPayroll recordsEach different lease typeWritten property policies such as pets and parkingInformation on all rent concessionsList of any uncompleted maintenance requestsMaintenance and capital improvement history for past 3 yearsLitigation history on the property for the past 5 yearsAny operation manuals for the propertyTitle policySite planArchitectural plansEnvironmental ReportsAny mold inspection reportsAny lead-based paint inspection reportsAny fire system reports or citations

Caleb, As I frequently say, "I am not an attorney and don't play one on television."