@Gregory Schwartz has great advice on the approach.

I was planning to buy my 4th property soon, but depending on how this goes it may have to wait.For the LTRs: does anyone know if FEMA or other governmental agencies help tenants with rent payments in an area with emergency declaration? 

Being able to tailor terms and close quickly is definitely a game-changer, especially when traditional lenders can’t offer the same speed or options.I’m curious, what kind of deals are you focusing on at the moment?

It depends on what upgrades you're planning to do, but in most cases you have to wait until the tenant vacates. 

Depends on your REI strategy.

We agree on the direction and how to go about it but we would like it written in a professional outline that has been done before.

I have several properties and several LLCS in both states and just tidying it up on the advice of our accountant. 

Any thoughts on this? 

I am a new wholesaler in Phoenix, Arizona and I am trying to find the best information on how to be successful in this business.

Depreciation rules for the two definitions are different.A short-term rental (STR) is a dwelling unit that is used on a “transient” basis.