Quote from @Yash Shah: Hello everyone,I'm new to this group and would love to hear your thoughts on the pros and cons of purchasing a corporate or bank-owned home.

It would be worth shopping around for another bank. 

I have spoken with my bank and feel as though there are better avenues than getting a mortgage with them.

You could get a loan from a local bank or private lender to fund it

Additionally, I have $100,000 in cash in the bank, and my monthly expenses for my home and family are around $3,500.My wife earns between $100,000 and $120,000 from her W2 job, while I've recently lost my job but found a new one that pays $65,000 a year.

Since you put 5% down and the appraisal came in at $160K, your available equity might be limited since banks usually cap HELOCs at around 80-90% loan-to-value (LTV).

Does anyone have experience buying properties for cheap from land banks, renovating them, and renting them out/selling them?

It will auto download bank and credit card transactions, give you reports by account, category or property in any form you want. 

Quote from @Abby Chapman: Hi- does anyone know of a bank/lender licensed in Ohio that would allow for a 2nd home loan (10%) on a duplex?

Would anyone care to recommend a bank, credit union, etc that will do a HELOC on an investment property?