You go out and buy an apartment house and then hire a property manager so you don't have to personally spend time on the property.

In my personal experiences a lot of structural items start with bad drainage.

Usually, when a new client approaches me with a wish list, there are often only a handful of properties actively on the market that are genuine prospects, and these are usually the hottest listings in any market.

@Tim Bergstrom I am a lender with a local bank here in Louisville and an investor personally as well. 

Any insights, personal experiences, or advice would be greatly appreciated!

I agree with Andrew’s comments particularly because this is a home you personally lived in and know intimately.

One thing to note when getting conventional mortgages and spouses.There is a 10 limit per person for conventional financing.You can either do 10 conventional in each person's name which would be 20 mortgages for 2 people or if you do the mortgages jointly, will only allow 10 in total.My thoughts are not to own joint assets until you are both married. 

Myself personally I'm invested in Buffalo and NYC, but that's because it made sense for *me*. 

But now with the joy and headaches of non-metered units, trying to wrangle 3 different set's of persons into playing nice, etc etc.. 

I had hoped to set this up with PNC since I bank with them but an in-person visit to the branch is required for set up and this is not possible since I now live in Washington state.