I would encourage you to also have an attorney prepare Application Terms & Conditions. 

They are usually a wealth of information about market conditions.

How can we enforce a condition where that house should be sold only after group's approval, and should be sold only to another family with a spl needs person.

"Wear and tear" refers to what happens when you use a property under normal conditions.

One bit of advice is scaling too fast if the market changes and factors out of your control (interest rates, job cuts, rent decline, job loss) have enough in reserves to weather those storms.

Keeping the power on is important for many reasons, but especially in the Summer to keep the house air conditioned.

Be ready to weather every storm it takes for you tap out.

I appreciate your insights on the current market conditions in Orlando and the importance of finding a knowledgeable real estate agent and a good mortgage lender.

My intuition tells me that if they were rehabbing a property in poor condition, they surely must have known that water was leaking into the basement.

Since you have 6 months to complete this process (this allows time for rehab, if desired), of course the interest rate may fluctuate a little bit, depending on market conditions, but there is not an intrinsic "1-2% higher" that I'm aware of.