30-year fixed DSCR Nice! 

Nice portfolio you have going so far with 7 properties.

Place good residents, make sure the block is nice (just not the street) and you should be fine.

Same thing on their side, they should have had this written in the contract.

In that area you're looking at average rents in the $1,200 - $1,300/mo range unless this house is extremely nice.

I then spent a majority of my free time learning as much as I could on the different styles and strategies that have been utilized in the past, reading everything from Lynch’s One Up on Wall Street to Graham’s Security Analysis, to learning how to build out financial models in excel.

Not many people are given such a nice pile of investment cash. 

If you must have carpet, go with something neutral like you mentioned.Darker tans or something with a speckled pattern would be nice and hide stuff.

The PM should have written authority to sign on the owner's behalf. 

look at other STR data in the area and do similar style to do your best to recreate similar results