I can try and use closet boards but they're fairly short.Also pine is fairly soft even if 1880's pine was harder than modern pine.

Looks to me like you are combining your skills and passions to make the world a better place, and I applaud you for that!  

But the monthly qualifying rent I get from form 1007 is lower than it would be if I do everything based on schedule E, according to the worksheet.The combined monthly qualifying income for both properties I have under contract is $717, according to form 1038 step 2B.

Buildability is combination of looking at lot sizes, zoning maps & codes/resolution, and some building codes.

She is open to combining the two properties (she mentioned this in her MLS listing).

I'd see about FHA, combined with closing cost/down payment assistance, either from programs or from the seller.

Situations in which my knowledge, experience, and expertise allowed me to reach a risk assessment quite different than what was commonly thought to exist.An example combining some of the above was a auto repair facility that was being sold in bankruptcy and had an environmental problem.

It used to be a bank and was the tallest building in the county until modern day ( I don't know when it lost that title).

Former mansion of its day with all original woodwork, fireplaces with modern conveniences, great location and rental history.

@Will RugeleyI am not sure how many properties you like to manage but if it is not a lot, you can totally manage by yourself using property management software or combination of accounting softwares, tenant screening, rent payment software.If you would not like to bother property management aspect of real estate investment, you can always look for property managers in your area.