But this owner also has 355k Instagram followers because they have a unique property and have built a following for it.Granted, Cincinnati is not the peak of vacation destinations, and my friends that own Airbnb's here are going okay (at best).  

We've seen competitor contracts that put 100% of managing utilities on the owner. 

@Chris Schoonhoven, Columbus Ohio is a great RE market.Speaking of Hilltop, you need to find the sweet spot, I own duplex there and is one of my favorite, not really in Westgate, but that particular block is nice with home owners who take care of their properties, purchasing price is low, tenants there are low-income working class, I did serious tenants screening, and am very happy with the ones I have, it produce the most profit out of all my investments.

I would work with the property owner and see if we can work out a negotiation charging the tenant for a fair amount and the remainder be paid by the landlord.

On the numbers, once we leave it will cash flow nicely especially once we refi down to hopefully a 5.5% rate next year as its owner occupied.

Assuming I could qualify financially (primary income plus FHA allowed rental income contribution from additional leased units), when I become the owner of the property, would that prevent me from using a FHA 203b to house hack a second property? 

You may have more options on the back end as far as resale, though, because you can sell it to an owner occupant OR investor. 

But if you search for available homes, you'll find many properties where owners are offering great prices.Regarding ROI, have you established your expected return on investment?

I would love to get a better understanding of what duplexes in this area actually sell for, and not just running my numbers based off of initial listing prices from owners.

This community's insights are very precious to me.Frugal FabioNew to US Real Estate Fabio,I'm an investor, private money lender, member of the Oregon Real Estate Investors Association and on the Board of Directors of The Rental Owners Association of Oregon.