As a Naval officer, this process will be simple for you to master as an LP or GP.  

Nick,No, the Condo Association master policy and your tentants Renters Policy are not enough.  

Inspect where they live before moving in and look in master closet for mens clothing... 

That turned out not to be true, but it required a fair amount of work on my end getting the proper guidance and resources, and then mastering those tools so I could very successfully probate the estates entirely alone.Ironically the attorney who thought he was going to probate the estates snooped through all my filings at the probate court and even had the nerve to bill me for a couple hours of time for having done so.

I was able to legally convert the garage into a master bedroom/bath and utility room.

. - is a master in the market you're interested in.

We replaced roof, improved master suite with walk in closets, ripped all the paneling down, replaced with drywall, painted the whole inside of the house, white washed the brick fireplace, placed LVP flooring throughout the house, replaced counter-tops in kitchen and replaced vanities in bathrooms.

Almost a complete gut job....new roof, floors, paint, countertops, expanded master closets, new lighting and fixtures, white washed chimney inside house as well as another brick wall.

I am a little short of purchase price so I have resorted to borrowing from either hard money or private money (which I'm beginning to learn that it's better to use other people's money (OPM) when possible/once I learn how to master this technique).

That also does not change the fact that somehow the cost of the almost finished master bathroom managed to be inflated $1800 from the original statement of work cost.