I’ve received some very favorable estimates in cost and timeline for the plans I had created. 

Maxing out the ltv will cost you money.Hope that helpsStephanie

Condo's typically are cheaper entries but have additional HOA costs which usually eat profits. 

I have been self-managing my other property for the past decade, with the caveat of it being 30 miles from where I live.Now, I plan to do so with this property, albeit from a distance of 200 odd miles.

@Zehua Zhou,You can use a Fidelity non-prototype account to manage the rentals, but it will have some of the features available with the bank's checking accounts, such as having a debit card, mobile deposit, and bill pay.

Quote from @Jonathan Morgan: I'm seeking a new metro Detroit property manager, as my latest property manager absolutely destroyed my cash flow over the last year.

We added some custom details to the property to make it more appealing for our tenants as well as manage the property effectively and efficiently so that our tenants always wish to stay residing in the property.

These programs often offer their own lenders, managers, builders, etc, most of which range from poor at their jobs, to completely shady.

There also seemed to be a lot more room to renegotiate management or purchase contracts versus residential where people tend to tell you things are set in stone. 

If the one document you got showed a deposit of $1700, then that is what she's owed (minus any cleaning costs or damage that occurred after you bought it (ie you know she did it).