Typically, when house-hacking, you can buy in a nicer area and still see numbers that make sense. 

Starting with "I am not a CPA", however it is my understanding that typically inheriting the property after passing is the best way to avoid taxes due to the grantees stepped up basis. 

Is it typically straightforward to make such payments, or is there a chance that the bank might refuse payment and proceed with an auction?

Not only did we have no issues booking the property during Mardi Gras once we listed, we had received Mardi Gras inquires for the property for the next 2 years on airBNB. 

@Cp Rahaim,Typically the airbnb estimators focus on your potential revenue.

You could ask your accountant about options for bonus depreciation or possibly updating the properties in order to receive depreciation deductions or write-offs for repairs, maintenance, etc.

As is typical the property management rate is 10% of rental income.One item which I found very impressive was that Ohio Cashflow do a rental guarantee.

Smaller banks will typically have a commercial lending division and offer construction loans.

I will explore my PM options and ensure I explain the fact that the property may need “more attention and TLC” than the typical property.

@Rob BlockAll interest payments have been received, with full return of principle on the first two.