It’s “illegal” to purchase a property without the approval of the existing note holder (subject to)2.

This policy will provide additional coverage above what your existing policy covers.

Based on your numbers it seems you made your offer on the existing income anyway with a little bit for the potential growth of the unfilled spaces but probably not much. 

Steve: If you are going to bid on an Ohio Common Pleas Court  foreclosure, the process is pretty safe because the foreclosing lender has to include a "PJR" which is actually a "Preliminary Judicial Report" which is a title report and include a commitment for title insurance should the bidder be successful and the property to be conveyed.This differs from a liquidation auction by a lender, private auctioneer, receiver (other than an actual foreclosure case) where you might be successful but the property has pre existing liens that don't get swept away by the foreclosure case.For your first one of these, get a lawyer to advise you.

Heloc any existing properties with sufficient equity, use a 10% loan program out of state for a vacation home, it beats 20-235% for an investment.

Im currently putting a plan together to develop a property with some existing infrastructure.

Pay off existing mortgage: The new loan pays off your original mortgage, including closing costs and any prepaid items.2.

I think even existing PM companies in my area are always in search of a good cleaner. 

Fewer housing units hitting the market may drive up demand for existing rental properties.Long-Term Effects: While construction costs may rise, these delays could benefit mid-term rental owners by reducing competition, particularly if fewer new properties are available.8.

Also be mindful of existing or proposed restrictions - I don't recall anything extreme proposed in Ludlow or Dover, but Wilmington is being very aggressive in all but eliminating STRs.