Further, you'll need to ensure you get the proper insurance, and that has been more and more difficult in recent years.

Please work this material through your professionals and seek the proper advice. 

The plaster shows mildew, and because it holds so much moisture, he has recommended taking down the damp plaster before the weight of it collapses.  

If the property is in fact vacant, the problem it runs into is proper comps where say it might have 9 bedrooms and the rest of the neighborhood and similar properties have 3. 

But my biggest advice, make sure you properly comp the property. 

@Garrett Brown glad to know we see eye to eye on valuable STR content and proper spelling! 

Thank you.The general rule I go by, after flipping a ton of houses, is that I regret selling them now.If you buy them right (we’re an exception, as we buy at 7 to 15 cents on the dollar) and rehab them properly, you’ll get a ridiculous profit by keeping them, using strategies like the BRRRR method.Honestly, it doesn’t make much sense to sell them right away if you bought them right.

Bookkeeping when it comes to real estate investments can get tricky.I often find the following mistakes occur1) They fully write off the mortgage payment when in reality the mortgage payment is broken down into Interest, principal paydown and an increase into the escrow account.2) If the property is managed by a PM company, do not factor in the PM Statement3) do not calculate depreciation expenseBest of luck in your search for a proper bookkeper.

I would appreciate any knowledge share, or tips and advice on where to gather information to properly estimate for such a project. 

The reason why most investors fail is because they are not properly capitalized.