It will cost me and extra $200 a month for the added flood insurance but I was told it will likely double or triple in price once it is no longer a primary residence.

If they have stood the test of time for 100 years, likelihood they will stand the test of the time for the next 100 years.Deduct extra as a margin of safety for CAPEX from the bottom line but also keep in mind that repairs are much lower in Ohio compared to other states.

Usually insurance companies only cover loss if the property is uninhabitable.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

hey @Shaydon Childersmost responses are right, this will be challenging for traditional DSCR as they dont like gift of equity; and seller credits would be capped (usually at 2% of your purch price) and only allowable to be applied to closing costs. i have one lender (specifically for 1-4 unit investment properties) which will allow for up-to 90% CLTV... and they are okay with seller financing so long as the seller is in 2nd lien position, allowing them in first lien position. they would max at 75% LTV on their 1st, with a 15% allowable seller-carryback (90% CLTV), and then up to 3% seller credits toward closing costs too. they offer 30 year fixed rates, however, due to the added risk for the lender, the rates are going to be much higher than the traditional DSCR loan.

You can usually call the City and ask if there are any 'open' permits.

To kick things off, here’s my story: I once opened a wall expecting to find the usual mess of old wiring, but instead, I found… a collection of vintage Pez dispensers!

It could be any side-hustle you want just as long as you like it and your able to save some extra $$$.2.

That's awesome you're looking to earn some extra cash and learn something new!

They are busy folks so I don’t (usually) blame them, I get it.