Not sure if you're asking...1) How long it takes to set up a STR in terms of getting it furnished/stocked or..2) How long it takes for a STR to realize it's full revenue potential (given whatever seasonality occurs in your market)If 1) - It took me about 1 month to setup and furnish each of my 3bed/1bath Airbnbs.

It's always about trust, but I am sure you know that working with wholesalers and off-market investors can get murky and grabby and it's hard to put into writing all of the possible scenarios that can occur.

It will probably take about $5,000 to retain the attorney, which goes into an escrow account, with expenses being applied to the account as they occur.

I think you are right in my needing to expect and prepare for future maintenance i am going to increase both repairs and capex to about 10% respectively and focusing during the first few months on building a bit of an "emergency fund" to cover unexpected costs if any occur before my capex and repair budgeting accrues enough to cover something like that.Thanks very much for your guidance!

I don't take felonies, especially if they are for domestic abuse, violence, burglary, robbery, sexual offences etc. basically anything that might bring harm to my other tenants, my PM (wife), or anyone else.

No harm in letting the seller know you are out there. 

However, when they started building there was really no way to know that the COVID-19 pandemic was going to occur. 

If you are interested in this subject of Recession, as to likely play out in the U.S. real estate market in the 2020's; then there are 2 videos on U-Tube, to watch, doing so with a jaundiced eye, due to it is never how the seers say things will occur in the future.

By doing renovations, you'll be forcing appreciation, along with naturally occurring appreciation through market increases.

I'm assuming this is currently a personal use asset, and not already a rental that's just taking a long to turn over or renovate.We first have to examine when a change in use occurs.Change in use will occur, in this situation, for a rental real estate asset on the first date that the asset is both (1) in habitable condition and (2) advertised as available for rent.That doesn't mean you'll be able to expense based on a whim, it just opens the door.