Once we identified this segment, we determined what and where they currently rent.

A lot of times when there's a big assessment coming up, owners will sell to avoid it. 

Then the goal would be to either sell it off or keep it as a rental for a long-term hold.

Or Another strategy I heard is you get another policy with the name of your LLC/trust as the primary policyholder, identifying the mortgage company as well, then adding the seller as an additional holder. 

How experienced are you with buying (or selling) homes? 

A lot of commercial/multifamily brokerages will only advertise their listings on their own website so identify who these prominent multifamily brokerages are in your area and subscribe to their email list or just check their inventory periodically.

Furnishings, such as the $35,000 you spent on furnishings, would generally be considered personal property rather than real property and would not be included in the cost of the property.In a cost segregation study, the goal is to identify and classify the various components of a property as either real property (land and buildings) or personal property (furnishings, equipment, etc.).

Be wary of any of the courses that profess to teach you the secrets of getting rich in real estate and in fact, the only ones getting rich are the ones selling the courses. 

Many people who sell say the reservations transfer but sometimes you don't want those bookings.

I plan to live on the property and eventually sell (it's vacant with no squatters).