Just offering advice for tracking purposes while in the testing phase.

You need a solid scope with a set schedule of values where the contractor gets paid once they COMPLETE a phase or work item.

Our legal counsel recommended that we have inspector do Environmental Phase I and Property Assessment test (hazard materials such as asbestos, mold, or lead paint) on the property based on the boilerplate disclaimers in the purchase and sales agreement.

I'd have a backup plan though, which if nothing else would be phase the projects in such a way as to get 1/2/3 rented ASAP and start producing cash flow that you can then utilize to help fund/finish whichever you don't do first.If you house hacked how mobile would you be? 

Replace existing carpet with high end pergoRenovate upstairs bathroom with the intent of adding a half bath to the basementOther misc repairs and upgrades are planned for future phases of work Lessons learned?

Made several offers during the short sale phase.

About a year and a half ago, when I was completing the first phase of my first BRRR-AirBnb, I gave a retainer to the one of the most respected real estate lawyers in town. 

I'm leaving the newbie RE investor phase of education and gearing up to look for my first purchase/purchases.

In the acquisitions phase; all cashflow + my personal contribution of $5000 per month is focused on the downpayment and closing cost to acquire my next property.In the debt reduction phase; all cashflow all cashflow + my personal contribution of $5000 per month is focused on killing off the debt on ONE mortgage, at a time. see the below chart that shows the sequencing of each phase:

Upon vacancy the rent control statute no longer applies and will eventually phase out.It was a windfall in equity from my point of view.