They often attract a poorer quality tenant and usually having a lower standard for tenant screening and tenant behavior..........thereby creating slums.It's so true that someone will call you a slumlord (often behind your back) pretty much no matter how nice your rentals.

I thought CR was standard.

Just always ensure the property fits your strategy and meets your standard baseline criteria (roof, mechanicals, bones, neighborhood, interior, rental market of area, and desired CAP.) 

So mostly, Norman, Moore, SW & NW sides.It also depends on your renovation contracting company on how much they would charge you to get the property up to rental standards

I already have a 'hybrid' idea noone has made mention of online that I've seen to date, that's simply a smarter play on a standard (tried and true) LO strategy.

Seeing as how it will be my primary residence, will a bank give a standard loan taking into consideration rent from the other units? 

You can do the nicest fix, and when no one can afford it, or can even qualify with standard FHA requirements, then they should do like they do with a field of crops after its harvested; you burn the leftover stalks.

@Mark Gottschlich  This entire city was largely build by two developers after 1950...this is a pretty standard subdivision from one of them, and in fact, family of the developer still occupies a property in this neighborhood.

Your state board, or whatever its called, will have a standard contact.Typically your buyer's agent helps you fill out the contract, hands it to the listing agent, who then hands it to the seller.

Are there any special considerations that should be taken into account or standard clauses that I may need to add in the lease agreement to cover myself given that she will be conducting business from the location?