You'll want to make sure you understand the K1/tax filing implications because if you own very small piece of let's say 10 properties in 10 different states you would potentially receive 10 K1s (one for each deal) and 'may' have tax filing requirements in 10 states. 

When the prospective tenant demanded a refund from TurboTenant, TurboTenant sent us an email saying if we didn't start paying a monthly fee in order to use our own application, they would terminate our account in 5 days.

We own 1,700 units, and have refinanced the majority of the portfolio. 

Lastly, reflecting on your own journey, what are some lessons learned or common pitfalls that you believe newcomers should be aware of and avoid?

Sounds like she owns the property.

I've done a lot of research on the topic and am familiar with the cons of owning a condo-hotel type unit, but the numbers seem way in favor of that vs a more traditional condo or SFH.

I am assuming free estimates only apply to properties you already own.   

It is owned by a company who is selling via bidonhomes.com.

We currently own 1, 4 Plex and am  working on strategizing the purchase of the next one.

Once the concepts and processes are proven in our own backyard we will expand to new cities and area.