The question you should be asking: How do I prevent premises liability claims, avoid construction or title defects, landlord/tenant disputes & payment and performance disputes with contractors/vendors.

But the standard is still your intent and how you can document that, rather than a set time.If you did decide to do a 1031 exchange, one of the requirements is that the title holder/taxpayer for the old property has to be the same for the replacement property, so if you decide to put the property in a multi-member LLC that files its own tax return, then the LLC has to also purchase the replacement property.

Avoid Eric Spofford Section 8 program at all costs.

What about state & local required changes?

Question 1:  Should I just lower the credit score a bit (like 630) to allow for some flexibility and avoid getting applicants with staggeringly low scores?

@James McGovern, I guess it's best to avoid offers that require an existing property to be sold first altogether, unless you have no other choice.

Vegas is up and coming but has good and bad neighborhoods to either buy or avoid.

Soft pull, no hard pull required for DSCR loans.660 credit score starts the good stuff, and only goes up from there. 

You simply avoid those things.

I I also removes the requirement to hire a lawyer if you have an LLC2. many suppliers give discounts when an individual moves to a new home.