They are relatively low doc loans, so you 'd need LLC docs (if doing it via an LLC - which is not required but gives you more options), bank statements, proof of insurance and copies of your ID... and usually that is it.

Supply for rental houses and houses on the MLS is low, with demand increasing.

Cleaner sees something running low, she goes to walmart and buys more then sends us a photo of the receipt. 2.

You become addicted to passively absorbing (often low-quality) information and watching other people make moves (or, often, lie about it) instead of making your own.One of my very successful clients hired a full-time driver so he could spend his extensive travel time reviewing deals, preparing offers and making calls without having to multi-task.

Until then I keep searching for properties in Ohio and submit low ball offers.

It also seemed ideal because the prices are low and I don’t have that much capital to play around with.

Here's a breakdown of your options:Option 1: Buy a Duplex and House Hack:Pros:Opportunity to build equity through property ownership.Potential for rental income to offset living expenses.Experience in real estate investing and property management.Cons:Market conditions may make it challenging to find a duplex with positive cash flow.Limited flexibility if you decide to move or expand your real estate portfolio.Option 2: Buy a Single Family Home with Airbnb Potential:Pros:Potential for property value appreciation through renovations.Airbnb income could help offset mortgage costs, especially during the summer.Greater flexibility in terms of future use (long-term rental or full-time Airbnb).Cons:Airbnb regulations and demand can vary, requiring thorough research.The seasonality of Airbnb income might not provide consistent cash flow.The initial cost of renovations and potential difficulties in property management.Option 3: Rent an Apartment and Wait:Pros:Flexibility to wait for more favorable market conditions.The ability to save money for a larger down payment or other investments.No direct responsibility for property maintenance.Cons:Potentially missing out on current low-interest rates.Renting doesn't build equity, and rent prices may increase over time.Additional Considerations:Market Conditions: Keep an eye on the local real estate market trends.

I've heard 3-4 unit conventional/primary residence loans are more difficult to achieve with the new low 5% down payment option...

However, when you are calculating your expenses, don't forget to factor in estimates for maintenance, capital expenditures, and vacancies.

You estimated insurance at $17 which seems very low to me.