You have a good inspector.The Al wiring needs to be replaced & I've seen a lot of it in Florida when we were buying down there & the arcing is a fire safety issue, (wish I still had the old pics I took).The 2 prong ungrounded outlets will all need to be replaced & rewired back to the respective panel(s) for each unit.

That is the model I switched to some years ago, and now I enjoy very nice cash flow from my tenant buyers as well as getting the down payments up front.

I'm in research mode at this point, trying to learn as much as possible.

This is this model I bought: Enerzen Commercial Ozone Generator 6,000mg Industrial O3 Air Purifier Deodorizer Sterilizer (6,000mg - Black)Thanks for the help!

Your inspector will look for structural integrity issues, life safety issues/fire hazards and inspect your MEP Systems to make sure Electrical panel, wiring, piping, hot water heater & HVAC systems are acceptable/good working condition.Roof/Crawlspace/Attic InspectionsIf you are afraid of heights and don't want to get on the roof, crawl around in a dirty creepy crawl space or climb around in a haunted attic, an inspector can inspect these areas.  

I always target a high spread between cap and debt and would be investing less today if I was still in growth mode due to diminished spread. 

I do only have this one house, and I keep very detailed records, but I realize there are suddenly a bunch of tax rules that may affect me and I know little about.Should I have a home inspection done to determine any code issues or safety issues to correct prior to converting the property to a rental?

Go with a location that you're comfortable with... distance from you, safety and cash flow.

Safety first.

Give yourself a wider operating margin and a safety net.