Maybe set aside additional reserve funds in the property’s checking account.

It won't hurt to have a second set of eyes on any flip you are looking to take on when starting out. 

Each city has its own laundry list of licensing requirements, but they have not had the power to limit the number of rentals or make other market-limiting moves.This issue is likely to come up again.

Set internal timelines on when you will have your drawings done for the new builds, selecting contractors, when you plan on having the project completed.

Also, it takes time to set up a property as a STR, more time than most people realize!

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Any exception not set forth above in Sections 4702.4(a) through 4702.4(l) is acceptable only if all of the following conditions are met:1.

So do they then set up a meeting in person on the day of closing between me, the seller, and the buyer? 

To maximize cash flow, consider setting up smart meters to track energy usage and possibly offer incentives for tenants who save on energy.

Basically, its a lot of work...Some may be reputable, but not offer a "great experience" like any other vendor.I know this isn't the greatest set of answers, but I hope it helps some.