I would recommend a PM or read Brandon Turner's book on managing rental properties prior to accepting any tenants, there are just too many ways to end up in an unhappy situation.

The only language I see is:"Borrower will not, without the prior written consent of SBA, make any distribution of borrower's assets, or give any preferential treatment, make any advance, directly or indirectly, by way of loan, gift, bonus, or otherwise, to any owner or partner or any of its employees, or to any company directly or indirectly controlling or affiliated with or controlled by borrower, or any other companies"

Drywall is not terribly expensive - Is it possible to negotiate to have the drywall installed prior to your appraisal?

Seller financed deal at $40,000 bathroom was down to studs, kitchen had no flooring and cabinets were falling off at the hinges, no gutters on rear of home, rear entry door suffered a break in and roof was leaking prior.

I’m wondering if I should do a one time full blown home inspection (similar to one during buy/sell) and fix everything prior to renting out.

The home didn't sell with an agent several months prior.

Here is what my EIDL documents say and I would like to discuss some points here:Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "Collateral" paragraph hereof without the prior written consent of SBA.USE OF LOAN PROCEEDS· Borrower will use all the proceeds of this Loan solely as working capital to alleviate economic injury caused bydisaster occurring in the month of January 31, 2020 and continuing thereafter ...REQUIREMENTS FOR USE OF LOAN PROCEEDS AND RECEIPTS· Borrower will obtain and itemize receipts (paid receipts, paid invoices or cancelled checks) and contracts for all Loan funds spent and retain these receipts for 3 years from the date of the final disbursement.Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "Collateral" paragraph hereof without the prior written consent of SBA.1.

This idea isn't new to me as I have purchased a small business prior and subsequently sold. 

Also, your "rules of engagement" for your hired help should be clear with them, and that is that they are there to address a particular issue and nothing else, without your prior approval. 

About 40 of those followed the instruction given to them to fill out a pre-screener and I would say 90% of them were qualified based on that.