My experience and actions are to keep them as minimalistic as possible, that get's things in process but also affords as much maneuverability throughout the process and negotiations to come, as possible. 

I'd appreciate any insights or experiences you can share!

I am not sure on single vs multi-tenant options, that is outside of my experience.

Anyone have similar experiences?

You do not want to be in a position where you look for an outside lender with having no experience and end up being in a position where the loan is denied.

. $25.00/mo with a 30 day free trial.

I only have student loan debtI have a full-time remote jobI have no prior experience in real estate investingMy credit score is high 700'sHere are the details about the property in Zenda,WI:Asking price: $235KIt’s being sold by out-of-state heirsIt needs at least $50K in repairs and updatesThe neighboring house recently sold for $235K (though I don’t have details on its condition before the sale)A family friend who owns a construction company assessed the property and noted the following:Replacement Needed: Furnace, Water Heater, Water Softener, Floor (concrete replacement needed due to unevenness), Roof, GuttersUpdates Needed: 1.5 BathroomsConcerns: Black mold and water leak marks upstairsRemodel Suggestion: The staircase is very steep and narrow; recommended to relocate and extend it into the living spaceAdditional Work: The property slopes downward, allowing rain to flow into the house.

The Almanack of Naval Ravikant (it's free as well)@Will Gaston sent me a copy and it was excellent

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Congrats - are you holding this fully free and clear (no debt)?