My original thought was to basically just triple what the normal vacancy rates were in the area, but I know that would not be super accurate.

(Approach - 2) - He says that if he is asked to pull permits, he is not responsible for any additional work that the inspector may throw (basically more money out of my pocket on the rehab costs).

(There is a price difference but suppliers have bridged that gap quite a bit due to popularity in the last ten years)Bathroom: Basic white subway tile to the ceiling for bathtubs/showers if surround is not desired.

He basically made us do a 15yr mortgage and we got a 2.1% rate.

The information about basic real estate investing has been democratized for quite a while, and I can't imagine there are any deep dark secrets being shared there that will get you rich quickly. 

So you're the guy cleaning up the yard, trashing out the house, working the rehab or supervising the rehab, learn some of the work you could do without much time...paint, demo, basic repair, cleanup, etc.   

I have no idea whether these are or are not allowed in OH as I don't lend there, but a loan with a 2 or 3 year prepayment penalty would likely have lower points and fees because you are basically paying that penalty up front as a fee in this loan.

I think "what about my wife and kids" and their safety.

I really liked what I saw and from some basic research, the housing/tenant laws seem to favor the landlord (unlike NYC).

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.