However, you'll minimal capex/maintenance/vacancy and the overall return after 5 years could be very strong. 

I do understand that market value becomes what has been paid for a deal but with minimal work and renovations my deals almost always significantly increase in value in the first 6 months.

For example a 25 y o applicant who has used credit minimally and has an unpaid bill of $50 in collections from when they switched phone carriers may have a low score, but the only negative on their credit is this one SMALL $50 debt.

We (the buyers) notified our agent that the property must also be move-in-ready.We received images of the interior and exterior which showed the property in move-in ready condition/what appeared to be minimal to no deferred maintenance issues, the listing said "property inmove-in condition/turn-key".

Agreed, and well said.The problem I foresee is an investor thinking they can bleed and wait for the growth.You know this, but the market (whether stock or RE) can stay irrational longer than you can stay solvent.

You can only play games for so long.Chances are your next door neighbor is an IRS agent and turns you in when your tenants blocks their drive or some other random event disturbing your IRS neighbor.ADU catches fire and your insurance won't cover you, because it was an illegal and unpermitted structure.The city inspector told the last guy not to build or rent it, and is now pissed and wants to make an example of you and just red tags the whole property and no one can occupy for the next 1-2-3 years while you wait for a hearing.Then when you get the hearing, "staff" recommends you tear the whole structure down, and if you still want an ADU, you can apply for a permit and rebuild it.Your tenant quits paying rent and won't move out and you can't evict them, because there is no valid lease and they're just your "roommate".Probably a dozen other bad things can happen to you when you do stuff like this. 

These types of investments require minimal management and also provide significant opportunities for cost segregation.Ohio is a strong market for purchasing single-family homes (SFH).

FHA does have the benefit of max seller concessions being 6% so if your realtor can negotiate for that it can really minimize your cash outlay. 

You may also need to wait at least 6-12 months before refinancing, so be sure to talk to your lender about that if you were thinking of trying quicker than that.

We agreed on seller financing terms, and I acquired a cash-flowing property with minimal out-of-pocket expenses.