2) Are the rates that I posted above what others are typically seeing in the marketplace for a credit score close to 800?

I'm working on my own credit score as I learn and practice.I also offer some free simple video work and can help troubleshoot any property management-related problems.

If you could use the 203k (don't really think it's possible b/c of the tenant), there are 2 versions - Limited 203k up to $35k rehab money and Standard 203k up to $1.4 Million for rehab money. 

@Corey Frank Cleveland is a good market to get into because it's an undeveloped version of Columbus that kinda sucks now but will eventually be worth it.

While any licensed, insured, and bonded contractor is allowed to do the work, without 203k education or 203k experience, the contractor won't know the different versions of the 203k, timelines, guidelines, bid/estimate format, payment process, etc. and will be basically winging it.

The tenant applies with Rhino and determines the cost based on credit score and other factors.

Although they may not use the score in making their decision, I was specifically told by a commercial lender officer that they need to check you're not in bankruptcy or have recent foreclosures or tax liens, or a history of settling debts for less than the amount owed.I do have a few commercial loans and they can have more flexibility on credit issues vs conventional - depending of course on the asset they're loaning on, rental incomes, type of credit issue etc.Hope that helps.

Through my experience if you are open to adjustable rate mortgagees, you have a solid credit score, and you purchase it as a primary residence you can avoid large down payment.

Ie: how many months in reserves, credit score minimums?

Because of Matt's knowledge and expertise I was able to score a gem in a good area in Ohio.