IMO the chance 2008 happens again soon is low and even if it does it doesn't effect you unless you have to sell. 

Don't waste your type with conforming lenders.

If I'm gonna hit a roadblock there, then a title search/insurance policy would just be a waste of money. 

Otherwise, it will indicate an income limit which you cannot exceed in order to qualify. https://sf.freddiemac.com/working-with-us/affordable-lending/home-possible-eligibility-mapdisclaimer - fannie mae has a program very similar, which they are making changes to effective July.

A permanent rent increase of $10/month will be effective June 1 for any tenant that has not updated their information on our website by May 15.

You can find properties by driving for dollars, mailing owners, getting lists of code violation, evictions, property management companies, networking, etc but the most effective method is cold calling the owners directly.

It's an alternative but VERY effective form of house hacking.

It's a waste of time to calculate to the exact penny every month.

A professional letter written on company letterhead is way more effective when dealing with commercial and multifamily owners as they are usually investors themselves.

That low priced Midwestern property is not low GRM directly because of location & demand, but a secondary effect because of the low prices those cause.