After speaking with Lender, their requirement is experience doing Ground Up construction.

DC will require you to have 2 egresses, so you will need another door, or larger windows (with no bars). 

Long term rentals don't require full time work. 

I agree with others that they do not appreciate it as much as SFH, but as a first property, it was great not to worry about many of the maintenance items.  

A bird dog looking to meet your requirements and standards!

For example, I'm assuming that I don't need to notify the tenant before we come in to the common areas for maintenance.2) As far as I can see, the previous landlord was not paying the tenants simple interest on their security deposit when they checked out.

Should I waive the escrow requirement?

In Florida HOA’s are required to carry policies with replacement cost, Actual value is not allowed by law.

They'll require that you fill out a bit more information, and even ask for a picture of you holding your driver's license next to your face to confirm your identity.

But it's important to assess your financial status, emergency savings, investments, and cash flow requirements before making a decision.