In a competitive situation, this isn't always possible or the best recommendation, but in most circumstances you should try and plan for it.First step in due diligence - > PROBING QUESTIONS! 

The plan for that is either rent out my room or convert it to a sober living facility.

Our area is not unique, this is a nationwide issue (opportunity) for accounting firms.In the end I think many would be well served to think of their CPA/EA as they do an attorney - while they can also help provide planning advice to better structure your tax life and save some money, a portion of the cost is just a cost of doing business - you are required to be compliant by the Feds / states / etc, and the CPA/EA is insurance to ensure you get it right and stay out of their way.

I’m also curious because I’m trying to plan out my purchase later this year, and exploring all options. 

While I can see how having some POH's isn't the end of the world, especially if you have a solid plan to transition to TOH's over time, for someone with no "experience" and not a ton of startup capital, my major concern is being able to get financing if I can't secure a seller carried note.

They should be able to send you an address of a rental they own.2) If they plan on sharing a BP Calculator sheet for each and every property they send you.

My wife and I are getting close to entering the real estate market as investors, we live in Canada but are planning on entering into the US market.

If you want to go down the STR road, I'd suggest making sure the property pencils as an MTR/LTR as a back plan.

Makre sure your name is on the FULL warranty deed.

HI NatanBeware of $100K SFRs unless you plan on $25K+ rehab.