If a policy excludes wind coverage (more common in places like Florida where insurance is severely strained by weather and other market conditions) then all wind related events are excluded.In those cases, it's sometimes possible to purchase a wind policy (usually covers wind & hail) which would provide tornado protection.

Their cost structures are significantly different from what new investors face today.Maybe I haven't yet reached the section that addresses different market conditions and interest rate environments, but I’d love to hear insights from those with more experience.

Talk briefly and honestly about the condition and your plans for the property.

The property was in horrible condition, pet odor, lots of deferred maintenance etc.

Someone to stock supplies, an appliance repair person, heating/air conditioning repair, plumber, lawn care person, carpenter, salesman, and occasionally an electrician. 

This way I can see pictures of the applicant, their living conditions, people they're associated with and their job.

It's important to narrow down on the locations and conditions of properties you're looking to buy so you can align your numbers with those expectations.

Quote from @Dylan Gomez: I inherited two homes, both were paid off one was livable, and I now live in it, the other was a rental in TERRIBLE condition.

Thank you - I was curious about the general market conditions for RE investors at that time.

I've since built a more detailed email procedure on questions regarding general conditions/ known problems.