It's an already functioning Air BnB. 

Of course, all that might mean functionally is that your appraisal value would be a lot lower than you might want, OR - that they put something on the file indicating that an item or two needs to be corrected before it would be appropriate to use the property for collateral.The other caveat is that yes many counties / jurisdictions maintain a system for documenting what's been permitted or not, as well as the obvious assessor's pages that usually show number of bedrooms, square footage, among other things...

If you need more details on this strategy, use the search function on the top right, and there're a lot of blogs/articles written about this. 

Hoping I also performed the tag function properly this time.

Richelle, if the flooring is functional but just ugly, I'd consider leaving it and earmarking the funds to upgrade it after a tenant or two, or as a retention bonus for a good tenant.  

The most valuable things I got from my MBA (Northeastern University in Boston) were:Broad (but shallow) exposure to all of the main corporate functions.

Watching over the PM company as a syndicator is one thing but being the PM also is a different level of time.PM is usually a low return function and high touch so the syndicators I know farm it out and never do it themselves.

Use the search function to look up any topics and areas of interest.

And do what @Drew Sygit suggest and get out in your imediate community and network and learn the business taking a pre license RE course which is very cheap is a good way to learn how real estate functions. 

I located this unit by going to Craigslist homes for rent, and turning on the “Map” function, and then looking at the parts of the island that I know do really well just based on our other units.