I would protect myself and cut my losses so I was not looking over my shoulder or getting high blood pressure every time I heard a knock on the door (hoping it is not the FBI showing up to ask you some questions). 

Additionally, seek out testimonials or referrals from other real estate clients to gauge the CPA's expertise and reliability. 

Investors also track things like Cash on Cash Return and Internal Rate of Return (IRR) to gauge profitability.2.

Obviously they are putting more pressure on out of state investors that invest within Cleveland proper, but spreading liability to the property manager is a new twist.

The LTV of the loans I’d conservatively gauge at about 35 percent.

By house hacking, you're immediately positioned as a landlord, which will adequately pressure you to learn how to structure your leases, screen applications, collect rental payments, resolve the nuances of managing tenants and addressing property issues, etc.

Your income isn't high enough for it to make sense as a rental and the closer you get to your residence limit the greater pressure you will have to sell it before losing your exclusion in whole or part. 500k right now can make $15k per year income with zero maintenance or tenant risks. 

Think about questions you can ask to gauge the experience the professional will give you when delivering services.

Like others have mentioned, a 30 year loan is better (less pressure).

MTR is tough to gauge and is definitely depending on location.