If you take care of these items consistently you don't have much to worry about & will save time and money better spent being refocused on your real estate business. 

If your focus is on speed, (e.g. because the seller dosn´t want to wait or give a financing contingency) you might consider a hard/private money loan, since they usually can close way faster than a conventional bank loan.

I looked for months, and looked at SFH, apts, houses on leased land, mobiles homes and everything that was cheap because I had so little money and had just started a new entry level job 9 months earlier. 

If you refinanced the same 400k with no PPP at 5% that would be a payment of 2147, or a savings of 514 a month.

If he has a business entity in the United States, his deal should qualify for private money loans. 

Which is really the crux of my argument here to is people jump through hoops "thinking" they are saving the world but I still cannot get anyone with 2+ million members here on BP tell me if they use a property manager and have reviewed and gone through their insurance policy on the property tell me what could they possibly be sued for that an LLC would protect them from?

I have been seeing a lot more extensions from hard money lenders.. 

The catch is it must be vacant 90 days and winters in Vermont are expensive to heat the building so the pipes don't freeze requiring costly plumbing repairs.So this property may be eligible for up to $130k in grant money and rental income guaranteed by the state!

My capital is a little limited but anything 70K and below seems to be a good buy for me as far as going with a conventional or hard money

It amazes me nowadays how people will throw money into a market and not spend any time in it(pre purchase) then wonder why it didn't work out.we literally purchased our second stilt house by walking up our stairway and the owner (of our now second str there) was walking up there stairs and we struck up a conversation and purchased it off market.My advice, allocate some of your investment funds to knock on doors and hang in the area you buying- its priceless.