I'm super excited to start diving deep into RE world here on BiggerPockets.

I'd fall into a deep depression.

That "hole" spot isn't deep, it's just wide and chipped.

As suggested by @Venison Fajardo, diving in deep on this website will yield a lot of information.  

Hello everyone, my name is Dustin!I would like to thank everyone in advance for their help on this.My wife and I recently purchased a rental home in Tennessee, we have approximately $100k equity in the property. We wo...

Our motivations are deep rooted.

I suggest taking a deep breath, and move on.

But seriously, we crank up the music, get on our safety gear, fire up the tools and have fun .... and we know that mistakes are also deep learning lessons.  

If the dips are not too deep or wide, the click floor should hold-up, otherwise, it will eventually come apart and/or crack where it has no underlaying support.The thinner glue-down or self-adhearing planks will follow the contours of the floor quite faithfully ... often emphasizing all the hills and valleys.If possibly, applying a little self-levaler or floor patch to the subfloor first will yield a better result with your finish floor.

After digging deep I found out that the owners had passed away.