USPAP- Uniform Standards of Professional Appraisal Practice- our industry standard does not require a site inspection, building interior or exterior inspection, etc.The appraiser and client set the scope of work per USPAP.

Everyone has their own, and highly personal, definition of living standards.

Set a standard for what you're looking for- Ex.

These are all very standard asset management operations that I think every investor should do. 

If you're going BRRR and not renting, then just get the standard HO policy.

Now, you can get a hard-money loan, purchase the property, do the rehab, and IMMEDIATELY turn around and refinance the HML into a conventional loan for a more standard interest rate.  

Make a criteria of minimum acceptable standards, and then never make any exceptions for someone who falls below your minimum.I hear time and again that people who are going through an eviction are doing so because they fell for a sob story or made an exception.

If you aren't trying to run a company, the standard double entry accounting method can be overkill.

Also, I am unable to "close" and/or move into the property until I have 30 days of pay stubs to back up my offer letter that I provided for pre-approval.Since your still in school and/or recently graduated with your bachelors degree... you just have to provide the bank with college transcripts to get past the standard (2) year work history requirement. 

Mobile homes are a real pain to maintain as there's no such thing as a "standardize part".