Burnt out lightbulb, toilet flapper not seating, worn agitator dogs, bad ballast in fluorescent lights, faulty circuit breaker, leaking wax ring in commode, loose p-trap cap connecters under sink, modem has reset to factory default, thermocouple needs replaced on hot water tank, filters need replaced for central heat/air, ceiling fan needs balanced, lint trap on dryer is torn, source input needs reprogrammed on HDTV remove, headboards too close to wall and making impact damage. 

This gives you another way out if your Airbnb doesn’t work or you have regulations come up that prevent you from continuing to do short term rentals.

This will help you better estimate cost of rehabs as well as learn what may be necessary/unnecessary, rehab pricing and prevent over-rehabbing

Also, I would’ve forgotten the lie that all debt is bad, that limiting belief slowed me down and prevented me from taking action and growing.

What is preventing additional development for which there is clear demand?

Be sure to use chimney caps to prevent burning debris from getting out and animals/weather from getting in.When using the fireplace as a heat source, the chimney requires more frequent cleaning and your risk of misuse increases.

Less important initially, but also good to get insurance loss runs on a building this old (at 50 years) along with identifying functional obsolescence items (e.g. no central air). $200 (even $500) is a giveaway that you didn't get a quote and do your homework. 

______Check the working condition of the AIR CONDITIONER.

You need to know all this well before completing a purchase.The operating budget will obviously tell you what they are spending money on for the current period, on things like landscaping, various routine repairs, pest control, pool service, utilities, and preventative maintenance.

Honestly I do not know why the previous owner spent so much on the furnace and Air conditioner when the house needed so many other things like windows!