The property next door to this one I own 50/50 and went out to cut down a tree that our tenants said would fall on the neighbors home.

The property will be rented out on a 3-year lease option and will be either sold to the tenant buyer or sold on the market if the tenant decides not to exercise the option.  

Hello Adam, The way I draft our contracts in Pennsylvania I include a clause that requires the tenants to carry $10k in personal property and $100k in liability.

They will let you know what you can and can't do without a permit and what you are able to do yourself within the scopes of those permits.My concern is because this is a rental, if you do anything that is not to code and the tenant reports it, you will likely have some much bigger issues to deal with.Given you note this is major rehab, I tend to lean to hire most, if not all, out. 

DSCR loans are used to finance the property once you have tenants in the units.

We love investing into properties that we can hold long term and we have been fortunate enough to have great tenants through our intense vetting process that stay with us for long periods of time.

:)As for LTR rental terms, usually we sign a 1 year lease where tenants are expected to pay Electric and Gas if applicable, while the owner typically pays water/sewer/trash with the city. 

You will already know the rental rules, but you will need to refund the tenant their last month's rent if you are selling the property.

If this is a long term hold you'll want to have finishes that match comps, but are also still very durable for tenants.

I still remember working on the clean-out after the tenant's left.