Unfortunately due to the business you choose to operate incidents like the one you experienced are more likely to occur compared to a property that's continually occupied by a tenant where the water would more likely be run at a higher frequency which would prevent the pipes from freezing.  

You can do a lot of damage in Ohio for under $300k.

For the first 4 loans or so, lenders are going to be less aggressive (requiring more down) than if you have several under your belt.

. $2,000 is about the going rate in my market.2.

The reason I ask is because most deals I see on Crexi or Loopnet or anywhere else create negative cash flow under 7 or even 10 year terms with 7% - 8% interest rate.

I submitted an application etc but I am going to finish the rehab to get better terms before resubmitting.The back story is that I am about 90% done rehabbing a home for a rental. 

And start from a position of strength rather than getting into a property right before you go back to finish up school and have no income for a year.

Over promise and under pay then keep delaying.

The asking price is under $125k and like mentioned earlier, the renovations would be 50% so there are major repairs (not move-in ready). 

Ideally a 3 star and under.