As repeatedly advocated on BiggerPockets by myself and others, house hacking is one of the best forms of entry into real estate while mitigating risk.

We don’t use LTV explicitly, but using our criteria, it ends up around 55% to 65% of the ARV.

Late payment of rent is not a good sign. 

also there is a client recovery fund that most states have that folks can make a claim to the state but again generally a rocky road to go down and not a lot of comp at the end..

Your total project cost is only ~ $143k. 3c) Your interest rate is probably going to be in the low to mid 7s, at least4) All states/areas are different, but I usually see with my CFO clients that their property taxes are higher than their insurance, with taxes often 1.5x higher than insurance.5) Lastly, I saw PM fee of 8%, are you paying someone else to manage this?

Ownership of the fence remains the key driver.

Would love to chat sometime over the next few weeks if possible. 

My condos have been some of my most profitable rentals.

I spent 2.5 years getting all the utilities to the property.

You will want to do your due diligence in all of these areas and understand what those differences are.