Finally, of the extra $200k, how much are you putting into operating reserves? 

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

The human race has historically been poor at predicting future, so it's wise to prepare for multiple scenarios.Mortgage rates in 2025 may decrease slightly if inflation stabilizes and the Federal Reserve eases rates, though they are unlikely to return to pre-pandemic lows.

It typically covers the structure under construction, materials, and equipment on-site, in transit, or stored elsewhere.

My only reservation in starting with a PM is that since I'm just starting out I think I want to try managing my own properties at first, at the very least to learn how to do it.

In Ohio, older homes might bring hidden maintenance costs, so that $20k reserve will come in handy. 

1.Is there an interest reserve and is it funded entirely by borrower at closing or is it capitalized into the loan? 

If this is a "store bought" fire place (not a wood stove) then usually only processed presto logs are appropriate because they burn at a constant speed and keep the heat down.  

The 70% rule is reserved for talking points by the guy on stage talking to an audience who they’re trying to sell a coaching program to   It’s a get excited number not a do a deal number   The equation is: maximum of 65% of AS IS value.  

Somethings it even more expensive than buying a new construction in a class A neighborhood.The turnkey investments are not always the best option for every investor especially if you are just getting started and low on cash or you don't have reserve/emergency funds to deal with issues like maintenance and vacancies.