That way if listing broker took a really low fee for co-op and total then I get my minimum compensation I work for regardless deal to deal.  

But I'm assuming the OP's property is not out of state or they wouldn't be asking. 

OP was clear that he is currently house hacking and renting out a couple bedrooms to some Navy friends.We have to contend with IRC Sec 280A. 

.$100/month return producing a good COC really should be the minimum bar for someone starting out.As for the OP's cash flow question there are so many variables that go into cash flow such as LTV, class of property (class D can produce better cash flow than class B but to do so will require a lot more effort and have more risk), STR vs LTR (we have an STR property that cash flows around $10K/month), who performs the maintenance/cap ex items. 

Those funds can be claimed by any other subsequent lien holders after the HOA, or the former owner if there are none. exactly Chad  OP has got the order of priority out of Order.  

The things mentioned by the OP are somewhat useful for filtering properties, but ultimately an investment must make money.

Looking for a duplex to house hack, but the NYC metro area has a lot of 2/2 condo/co-op/ or apartment units, which from my understanding you can treat a condo house hack the same you would as duplex?

@Alyssa Dyer, you're referring to vendors and I was referring to due diligence on the market itself since the OP is considering their first investment in Cleveland.I'll stand strongly on that any new investor needs to actually step foot in their market of interest. 

I agree with @Matthew Irish-Jones, @Marcus Auerbach, and of course the OP @Tina Lee, your chances of finding a good Investor Agent right off the bat are very low.

You could also argue, in a non tax deferred account, I should factor taxes, but between standard deduction, child credits, and RE, im not worried about it, so I’m full transparency, that may not be best for OP or others.Thanks for the reply.