That is very bad information. https://www.abor.com/wp-content/uploads/2018/05/Ap...Its odd that information is coming from realtor.com.

There are so many ways that could go bad it's not even funny.

It is not a bad idea to partner with a PM, and especially if in good faith intend to work with the PM, then there is no harm in going into a contract with one if you ensure you can back out of with 30 days notice if you are unhappy. 

Or is having multiple people sign a mortgage agreement (even if one has bad credit) always seen as a lower risk by lenders?

I have been listening to the BP podcasts for a while now and the speakers usually advice 4-plex and above rather than a duplex to get more earning potential.

Pretty bad actually...Don't let this negative nancy crush your hopes though.

I have taken over management (for clients) of too many properties with bad tenants already in them to ever recommend it to someone.

@Peter Paxos There are lots of turnkey stories here on the forums - the good, the bad, and the really ugly. 

Getting a 70% of the appraised value is not that bad, considering that I will put the two properties on refi, that will likely give a good deposit for a single family home or perhaps a duplex.Do you know any local bank in Ohio which I could go online and send an email?

Still not bad for both what I had to put up and also the total return on the deal.I've used a couple of different ones for deals I've done in the area and feel free to PM me and I can give you more info.