If they're only approved for a $1,000/mo voucher and the tenants wants to apply for your $1,350 unit, the tenant will be required to pay the difference themselves.

DSCR loans require you to cashflow.  

If the tenant fails to provide the landlord with the forwarding or new address as required, the tenant shall not be entitled to damages or attorneys fees under division (C) of this section.”https://codes.ohio.gov/ohio-revised-code/section-5321.16

Are you not required to personally guarantee the loan, when you typically would with a bank?

How do laws like this consider a requirement for the income to be 3x rent?

You could be looking at anywhere between $ 50K and  $ 120K  Depending on the site and permit requirements .  

It is interesting that Sevier County TN (smokys market) has a new more intrusive ordinance requiring inspections.

If it was a 12 month lease, I wouldn’t require a monthly cleaning but at 6 months, I would like to make it a requirement.  

Prepare some money upfront because that would be required prior to final settlement.

However, they require 25-30% downpayment on your first rehab, which goes down with every rehab project to minimum of 10%.See if you have way to pull some cash - 401k, home equity line of credit...I am also on Long Island and looking for properties that I can rehab.