I'd also be wary of an Ohio duplex that looks great on paper. 

I've been "analyzing" some properties on Zillow for practice and to see if this would even be feasible for me to accomplish, I haven't found any properties under 4 beds that would cash flow, however there are properties that have more rooms within my pre-approval price range that look a lot better on paper.

This requires research and time which once I did using excel files and pen and paper.

This post is several years old at this point but we have found that providing the paper trail allows for more lenders to go with this technique. 

Reality is often completely different than what it looks like on paper.

Every other borrower has the right to declare bankruptcy when they find they can't repay a debt but the ones who signed a paper back when they were 19 years old.

On paper I'm ready - I have the money, I've done the research, I have well-defined property/neighborhood criteriaI, I have an agent, contractor, property manager, lender, etc.I'm targeting off market deals with light value add potential in an area with high appreciation potential.

This lawyer who has the redemption rights is suing them stating that he is redeeming the home at the $75,000 amount because he claims that he didn’t receive the improvements paper work within a 10-day window that he demanded.  

That consult with TrueBooks or a real estate savy accountant would probably help put some estimates/numbers on paper

I am aware of that. here is an example of my question to better explain it:John has paper losses in the following 3 properties carrying over from 2023:Property A: -$100KProperty B: -$120KProperty C: -$80KTotal portfolio Loss (combined) from 2023: -$300K In 2024, John sells Property A for $500K (with no debt).