I also believe they implemented a lottery system on who actually can get a STR permit within city limits. 

And that’s all assuming your the first person in history to perfectly separate their personal and corporate life to prevent piercing of the corporate veil when a lawsuit involving more losses than insurance coverages. 

I think having things in writing prevents misunderstanding and can reduce the likelihood that you will be cheated out of your fee.

Keeping it shorter prevents it from getting significantly delayed in the event of a holiday or long weekend.How much is the late fee?

They could also prevent you from wholesaling the property.I'm curious where you learned to do a "subject to" deal.

Bait and Switch This can be prevented by doing some background research on the mortgage company/ loan officer.

A few things to consider: the cost vs. potential upside, zoning restrictions, and whether owning it could increase your property’s overall value or cash flow.Sometimes securing the lot early prevents a future neighbor from complicating things.

Preventive inspections also insure the tenants aren't violating lease terms or damaging the property. 

It's not just a concern of how to prevent this from happening again but that's not my responsibility or my in-laws so we're working on getting them out of the unit.

This is especially useful if there is no clear vision or you want to save time.On the other hand, if you have taste and experience in renovations, you can do without a designer and invest the saved money in more practical things: high-quality furniture, equipment or amenities for tenants.I would consider a compromise: order only a concept layout from a designer, and do the implementation yourself.