So, you know they have an immediate need and if they give any insight into the size and type of venue you can guesstimate what they need.

Little things can make a big difference as far has how long a house stays on market: school district, lot size, age of the home, flood zones (avoid) etc. 4.

Does the law protect landlords from problems like bites if the size or breed varies? 

There isn't a one size fits all sheet that has pricing for rehabs. 

What's much more dangerous is coming in with guns blazing and getting yourself on the wrong side of a lawsuit.I have an admittedly small sample size of one with respect to inheriting existing tenants.

As far as tenants moving from house to house, I assumed given the size of this town that this might be the case, but Rob researched it and confirmed that this hasn’t happened.

Also, what can be rented out easily, in terms of size and number of bedrooms?

Considering the investment size and projected returns, how should I structure my financial involvement to balance the potential risks and rewards?

Larger PM's don't do as good as small to mid size operations.

But here seems to be the notes:"As an appraiser, we want to see (1) a closet, (2) a "normal" size window (not a basement-type window), (3) egress into a common area (can't go through another bedroom to get to it) and (4) above grade.