Please provide me with some advice.

Now let's say you buy a $200,000 duplex with 3.5% down (FHA loan for owner occupants) at 7.5% interest. 

The better the credit the higher the loan to value would strengthen the deal. 

Wealth of knowledge - It's easy to quote a loan, it is much much harder to get one closed.

Mortgage, Taxes, Insurance, HOA: $3040.37Estimated rent: $2475Total Expenses: $3660.12Vacancy (5%): $123.75Repairs (5%): $123.75Capital Expenditures: $100Property Management (11%): $272.25Information when I bought the house in 2022, new constructions Purchase Price: $373000Purchase Closing costs: $4662Current home value: 400k-420kCash Flow: $2475-$3660.12= -$1185.12; -$71107.2 at 5 yearsCash on Cash Return on Investment (CoCROI): 0%Appretiation per year (6%); $535,290.23 at 5 yearsEquity: Loan value $345,089.53 at 5 years; $190,200.47 in equity at 5 yearsLoan Value today 6/2024: $368,201.59Total ROI in 5 years= (Total profit/Total Invested capital)/ Time (in years); Total profit: $190,200.47Total Invested: $71107.2 (neg cash flow) + $42757 (closing sale costs)= $113,864.20Total ROI (5 years)= ROI 67%, annualized ROI 10.8%My biggest concern is that I am relying solely on appreciation and assuming will appreciate at 6% per year. 

I would not be able to afford an FHA loan on such property in the Bronx.

I’m trying to get loan for my first rental investment and I was wondering does anybody have experience using a Mortgage broker that service the Cleveland, Columbus, Dayton, Springfield Ohio areas?

I wanted to find an investment strategy that would provide more cashflow than a traditional long term rental, but I wanted it to be lower maintenance than a short term rental.

If successful the process would end with a court order requiring the mobile home to be removed.The question would be easier to answer if the actual language was provided so it could be determined that the restriction runs with the land and bind subsequent owners.

A 1 hour commute is not a problem but you may need to provide a letter of explanation.