@Keonhee ChoThe Austin area presents challenges in finding properties that cash flow, especially with BRRRR, due to high property prices and rising rehab costs.

The rules for who may represent an LLC in a court depend on far more information than is present.

I changed the lock to a digital lock.

to me I view an inspection contingency as you do it and if something is wrong you present it to the seller and say "hey fix this, reduce the price OR if it was major and really bad just walk away".If no inspection was done, then its unethical but reality is its not worth a seller to sue over it.

Once you read the explanation below, you will understand how REALLY bad things can be if you don't get the letters but go through with the purchase.First, the owner/seller should have a clause in the lease requiring tenants to sign (or object to in writing) tenant estoppel letters if presented to them.

This property presented a perfect value-add opportunity with its low purchase price and potential for high returns.

If you have people cutting you large six digit and 7 digit checks, I keep my ears open to hear what they are saying.

One that I am interested in does allow you to self manage, but does that present an issue with guests who try to call for service or use the front desk?  

There's no reason to go ALL financing or ALL cash, but to be strategic about how to use your funds to acquire more properties as opportunities present themselves.Hope that helps with your thought process.

Changing or presenting the reservation, payment schedule, or pricing in bad faith to avoid mandatory Vrbo compensation.