Hey @Chi Lo - I actually have a video on my YouTube page about this (lookup ClosedByMo on YouTube).Regarding walls being damp and waterproofed, it means there needs to be waterproofing on the basement retainer walls (this is something you can do post-construction and the contractors would need to dig around the house exposing the basement/foundation to apply the waterproofing). 

Typical inner city early 1900’s Akron house.

This is where most people start getting nervous. And, honestly, it's for good reason. Having good residents can make owning a rental house a breeze, but bad ones can make it a nightmare. Fortunately, there are practic...

If you are house hacking ask about house hacking, OOS ask about OOS, etc. etc.

You could sell one house and buy two with that money. 

Everyone in here seems to keep asking for someone that has done it, here is a video of someone that did get the check!

i'm always supportive of house hacking. 

Cash out refi only if the rental income significantly exceeds the monthly payment and you want liquidity to invest elsewhere.2.You can maybe do a HELOC if you want a smaller loan that doesn’t involve refinancing the entire house.3.

Drew I am guessing you do not have in house maintenance because if you did, you would know $60 an hour charge is likely not profitable.

Unless this is strictly a student housing for IU play you would want to be extremely hands on to make this work in my opinion.