If this is your first time investing in Cincinnati, it is a unique area with a lot of different submarkets with unique characteristics that may not be true of other cities.

Thinking maybe having no loans is not the way to goSo is there such an animal as a cash out loan which covers a few different properties?

Those are two totally different animals- different workloads, different results, different risk factors, etc.

How should I go about verifying the legitamecy of the service animals?

That's a whole different animal that I suggest talking to experts on as that is above my pay grade.My suggestion as an investor who uses personal funds and my SDIRA funds is to keep everything separate and accounted for

These 2 tenant bases will have different characteristics, expectations as far as amenities, etc. 

Oh, and for some for not-so-good news this property happens to have bed bugs and a putrid smell from animals & rotting food in the fridge.

Same story for the cap rate, this varies market-to-market and depends wholly on the building characteristics and credit of the tenant.

If you'd like to see what we used, msg me your email and I'll send it along.Some things to consider are not paying until moved out and all keys returned, stating that the property must not be damaged or otherwise change overall condition between signing and vacancy, property must be "broom clean", all possessions left behind are forfeit and will not be held, all tenants regardless of whether they are on the lease must vacate including pets and animals. 

I am also a bit of an animal lover and my husband and I have two rescue cats and two pugs all of who are very spoiled.