My borrower also had to document that he has no knowledge of farming and no intention of farming and that was easy because he was engineer with a good paying job. 

A few electrical and plumbing issues were found during the inspection which again had to be repaired (payback for skipping on a good contractor) but we closed on-time and I was out of the deal.

As for Market knowledge where would you recommend using as a search engine?

Foundation/structural engineer determined a water downspout on one side of the house caused the soil erosion. 

ARV : $250,000Monthly gross rental income: $4600Monthly mortgage payment: $1100Property description: completely vacant 4 family (three 3 bedroom, one 2 bedroom apartments) in a competitive rental market with housing shortage (large pool of candidates) 7000 sq ft property with massive units, roof was torn off and redone, newer hot water heaters, furnaces, electrical, plumbing.

Hi Michael,I like your thoughts of building a large portfolio because it's very important in sub $100,000 markets like Ohio.A large portfolio = A safe portfolio.Personally, I've always been a big believer in buying with cash.Less is more.Once you gain experience and understanding the true income vs expenses of your portfolio.Then look at using leverage for faster growth.It takes many years to learn a market along with establishing a solid understanding of it's "in's and out's" from a people/team perspective.As investors we should always reverse engineer and protect the bottom line first and foremost before looking toward expansion and growth.My "cash only" mentality has served me well over the years in my businesses and real estate endeavors.Especially when things turned South and they always eventually do.Start slow, start small, buy with cash and build from there.Just my opinion and wishing you much successps.

Have a read A good friend shared this story recently; a nice story about effort vs. skill – a good reminder that in many areas of work/life time and outcome aren’t always aligned; especially in thedesign & technology space…A giant ship’s engine failed.

On an individual property, cash flow is choppy like a bad one cylinder engine.

Interior is just framing, some plumbing, no electrical.  

Am a software engineer so I don't think developing would be an issue!