House hacking is an excellent strategy for beginners, and it sounds like you've done your research and are ready to take the next step.When evaluating your first investment property, here are some key factors to consider:• Location: Choose neighborhoods with high rental demand, low vacancy rates, and potential appreciation.• Property Condition: Assess property condition and potential renovation needs.• Rental Income: Determine potential rental income for each unit.• Expenses: Estimate operating expenses including property taxes, insurance, utilities, maintenance, vacancies, and property management fees.• Financing: Explore options like FHA loans, conventional loans, or portfolio loans.• Cash Flow Analysis: Use a tool or spreadsheet to calculate projected cash flow.Based on your estimate of $300 per month in cash flow, make sure to verify that this aligns with your financial goals and risk tolerance.

And be sure to smell behind cabinets-especially kitchen cabinets that don't go all the way to the ceiling (cats sit on cabinets and pee right there), bottom of doors (urine drips down door and runs across the unpainted bottom, it gets absorbed and still smells), any heat/ac vents on the floor or low on the walls (looks like a litter box to cats), thresholds (pee at the door and the pee runs between all the cracks) behind toe strips, baseboards, etc.)

The Toledo market still has very low inventory, but in the 2-3 weeks, we have seen a load of new investment opportunities hit the market.

Your low down payment loans will go a lot further that way!

Appraisal came back low, but we were able to fix with the listing agent.

Funding for small builders is really tough right now.  

If they would be open to a private equity lender, who can fund in just a couple of days, PM me. 

did the appraiser mess up and go too low or did the realtor list it too high?

FHA has a standard 1.75% funding fee and permanent mortgage insurance.

The bank froze my funds because I’m a vegetarian3.