Such as the main bath and any areas where there are known deficiencies but depth of problem is unknown. Ive

Whether he's legally living there according to HUD is unknown.

Hi Bob, for me there are still a lot of unknowns as first time investor.

I think it depends on your goals and the unknown. 

Coming from the high education arena, I am an avid researcher first before diving head into the unknown. 

DSCR is important on multiple fronts as I am investing for real cash flow and not a projected exit that relies on multiple unknown inputs.

Which may not be easy for your CPA to estimate since it's a newly acquired property with an unknown performance.

(The lender will also be asked for other information such as how much the interest is accruing on a daily basis since it is likely unknown exactly what day the loan will be paid off at that point; wiring instructions; notarized reconveyance paperwork; etc.)- Once the home is sold or refinanced, the lender will then be paid off in accordance with the "Demand" and wiring instructions he/she previously provided. 

Sheesh...Look at this post by @Rhett TullisThis is the kind of stuff I worry about having some unknown person living there.

Somebody wanting to sue for you backing out of a bad deal or accusing you of selling them a property with defects like unknown termite damage).