As a first time investor looking to make the first purchase on a multifamily home in and around the city of Columbus, OH, within the next 2-3 months, I wanted to ensure I have all the information I need to be able to quickly and efficiently analyze and decide on a property worth investing into.

I've never had an issue. we don't get security deposits or sign any leases.

However, after talking to some loan professionals, it seems that there are always origination fees, appraisal fees etc.My question is, what fees should I expect to pay when opening up my first HELOC.  

We have a modest security deposit collected up front along with 1st month's rent and the cleaning fee.

Don't forget to tell the tenant where you will store their security deposit.

I interact with first time house hackers / seasoned investors on a daily basis.

Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).

If you are financing yourself or using a loan- it is crucial that you complete the project in a timely manner.

Quote from @David Kendall Jr: September 3, 2024, marked the day my wife and I analyzed our first deal.

I think the first place to start is evaluating quality deals.