If you can get the property occupied within 30 days, most underwriters will be ok with that.Once occupied, you need to have a Nonowner occupied policy, commonly know as a Landlord policy.

If the slope/uneven floors aren't too bad I wouldn't mess with it, just make sure the joists are good and that they haven't been cut or broken, if there has been normal shrinking/settling thats common . 

Is this common?

What have you learned in placing tenants, and what sort of extra lease features/common sense did you do to keep the peace?

DSCR (for the aptly named "DSCR" type loans) or DTI (Fannie type loans) is one common criteria, LTV is another.

It makes day to day decision making much simpler and much easier to see that I am prepared to handle whatever comes along. https://www.amazon.com/Profit-...2) When and if to form an LLC is a SUPER common question.

@Don KonipolThat is a common workaround in our area.

I’m new so, I’m seeking to understand things that are common sense investing.  

@Danny Curtis analysis-paralysis is very common. 

There is not better time than now to get started, one of the most common regrets that I hear from people is that they didn't get started sooner with real estate.