5) Consider meeting with a few agents in your area even if you are just getting started!

And in the current environment, cash flow is a myth on long term rentals in year 1-2...even in cheap markets.

BiggerPockets also has a calculator you can use to analyze deals and I highly recommend you start this as soon as possible, even if you are not ready to buy.

The number of gas and water meters is easy to see during a showing or inspection, not something that was hidden from you even though they may have misrepresented the facts.

I somehow didn't even think about the due on sale clause.

If your lease agreement doesn't prohibit driving too fast in the residential area of the unit, you need to have a landlord attorney in your state look at the lease you're using, because driving too fast in a residential area may be a civil or criminal infraction or may even rise to the level of endangering the lives of others (neighbors).

Hi Matthew, We can go up to 90% LTV but even at 90% there doesnt seem to be a lot of spread between 90 LTV and what you currently owe.

Good evening everyone.  

However, you do need to handle this situation carefully, make sure you follow a standard screening process to avoid any Fair Housing Act violations.I'm honestly not even sure if you can initiate the conversation with the parole officer, if they reach out to you, or the tenant provides the info and offers the opportunity to call them, that's a different story.Make sure you apply the same screening criteria you use for all potential tenants. 

Even if the install was done incorrectly, they may still help you out with a customer service approach.