did you get an answer?

You need to do cost segregation on all 3 properties and then find an accountant who knows how to do the catch-up. 

So if I pull permits and my work passes inspection, is there going to be an issue I’m not aware of?

My goal is to become an investor of multifamily properties.

With rising home values and relatively low entry prices compared to other metros, Indy continues to be an attractive spot for investors.

You should definitely check out Avery Carl's BiggerPockets book "Short-Term Rental, Long-Term Wealth" https://store.biggerpockets.com/products/short-term-rental-l...There is a lot of amazing insight into everything to think of while operating an STR.

If you want them out, negotiate an early departure.  

I am an agent myself.

I would not reccomend them at all in you are in an area of with alot of moisture or rain.

Working with an experienced realtor / broker who knows the inside and out of these type of programs and has contacts over at these companies, will help your efforts significantly.