@Abigail KingStarting a first house hack in Peoria, IL involves researching, education, financing options, and management tips.

OrhiOrhi,You may wanna read the thread below before taking a Property Management recommendation from Bob.Who is Bob Stevens AKA Bob Prisco and what's his involvement in Cleveland? 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

It is actually a little more involved than that sounded but you should get the point.

It would involve putting an external staircase on the side of the house and making the second bathroom into a full bath.

What did your management contract state about screening prospective tenants and your involvement? 

There are lots more that require a little bit of human interaction and a few more that need full involvement of a person - answering the phone, some AR and AP.

My question is since a lender is involved and I will be drafting up a contract how do I protect myself as to once I hand off the home he doesn't end up pushing me out (there is no sign of such and there is trust but this business)?

Depending on the ARV, I think you are better of using your own cash or getting a partner involved to finish the rehab and then cash out refinance with a conventional or DSCR loan.

Given the legal challenges that can come with Foreclosure, I recognize the importance of having an Attorney involved for the Foreclosure process.