Taking the time to work with the Banker and discuss common rents, taxes, any HOA's for example is key.

A broker can do your shopping and they typically look out for their clients (you) An agent is looking out for his employer (not you) Make sure to read the fine print on your policy.

- Insurance policies (some may not cover rent by room)- Friction among tenants regarding common spaces

Get the easy stuff first - rent roll and lease end dates, any bills the landlord pays - common area maintenance, maybe water, sewer, taxes, and insurance.

This is fairly common in college towns so I'd recommend verifying that before going off on a buying spree.

The Jerome Village income charge is definitely unique and it's not common at all in Columbus subdivisions.

Refinancing after reno's are completed with a DSCR is a common great strategy. 

If you have enough unit it will make sense to have cleaner on your payroll but to starting off, most common sense is to find a very high quality, reliable cleaner that works with your budget.

Know the strategy that you will employ and the numbers it takes to make a worthwhile return.  

I brought my friend along and he devised a few strategies to employ with the property.