It's hard to use hard money on these since you typically need an inspection of some sort. 

Before you do anything, you'd be well served to have an occupancy inspection to see what your municipality will force you to do, before allowing a new person to move in.

Does the property inspection support their asset condition evaluation?  

I used Lane Home inspections for our last purchase inspection and wasn’t happy.

Make sure you've inspected it, but pay them quickly.

What happens when the city comes to inspect your new HVAC and sees that walls have been opened up to accommodate the same but no building permit was ever pulled?  

They prevent bedbugs from entering or escaping mattresses.Routine Inspections: Regularly check mattresses, bed frames, and furniture for signs of bedbugs (small black spots, eggs, or live bugs).Furniture Choice: Choose furniture with metal or plastic legs instead of wood, as bedbugs are less likely to infest non-porous surfaces.Bedbug Traps: Place bedbug traps under bedposts and other furniture legs to catch any potential bedbugs before they become a problem.Professional Cleaning: Schedule routine deep cleans between guest stays, and if you ever suspect bedbugs, hire a pest control professional immediately.Clear Guidelines: Educate your cleaning staff on how to spot bedbugs early, and encourage them to report any signs immediately.These steps will help you set up a smooth, well-managed STR that’s ready to generate revenue while maintaining a good relationship with your LTR tenants.

Expect what you inspect and make sure the contractor sees that they can't pull a fast one on you.

Hello fellow homebuyers,I recently made an offer on a house with an inspection contingency covering the roof, foundation, electrical, plumbing, backyard fencing, and pest infestation.

@Kanika JainAlso consider how you will manage the day to day and long term of property inspections.