I encourage you to consider who your tenant pool will be and try to understand if they will be open to sharing the space with so many others.You will also want to consider hiring a very thorough cleaner/team member with boots on the ground to ensure that items are in their proper storage, and broken items replaced—7 tenants in a furnished rental will get messy, so you will want someone to help you manage the logistics. 

It’s crucial, therefore, to ensure that the property is in good shape before listing.

You and the seller can agree to continue to work out this issue until it is 100% resolved, and an attorney can help ensure your agreement is legal and covers other possibilities you're not aware of. 4.

This was something we ensured happened, we didn't rely on an attorney to follow-up on it. 

Ensuring that they have that business law knowledge and experience is key for your situation. 

I have an attorney I work with when I have a question or if I need advice to ensure I am inside the law. 

But advantages of purchasing a new construction home is to ensure you secure such warrant to mitigate future repairs.

This is really true, especially for out-of-state investors in Cleveland, they hyper-focus on getting a cheap property and a "good deal", that they forget to build the right relationships and teams to help ensure they own a good deal and see it through.Cheap is also Expensive most times.

I am an architect and can tell you that if you’re renovating to the level you are planning you will likely need to adhere to ADA, provide adequate bathroom fixture counts, ensure egress meets required limits, and make sure that sprinkler coverage from the new walls you put up is to code (minimum distance from walls, etc.).

They are typically quick to respond and will bend over backwards to ensure you have a great stay.