They even do an annual inspection for you.

Frame it like this: "in order to make sure you get paid on time I want to have a schedule of when the draw inspections should happen with the bank"Then, you have a schedule to keep an eye on and if they're slipping, you can ask them why and see how you can help them get back on track. 

Permits and inspections of everything in city of Miami was overwhelming but I learned a lot

Do all your due diligence upfront (see if you can get an inspection done before submitting an offer)On the lending side a DSCR loan is an option.

FHA loans use the appraiser to inspect property condition.

Regarding the property condition, thats on the inspection report and hopefully you went through it with a fine tooth comb.

I also negotiated based on the home inspection findings.

You found it during inspection and got a $5K discount.

you should know from your inspection what they need now, and what they might need in a few years.

City recently did a building inspection and we noticed the tenant is smoking in the unit (cigarettes and marijuana), food waste everywhere leading to building pest issues, and there are 5 people living there now (3 adults and 2 kids).