This policy should outline your criteria for tenant screening, including credit checks, rental history, employment verification, and background checks.Renters Insurance: Renters insurance provides financial protection for tenants' personal belongings and liability coverage in the event of accidents or damage within the rental unit.

I'm not a lender but FHA is typically if you have poor/average credit and want to buy a minimum 3.5% down.

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.

Impossible to say without actual numbers to weigh but on the surface level, adding an extension seems low ROI. 

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.)

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.

If its low can do upto a 25% loss on monthly rent at 25% down payment and its a greater loss than 25% a month then it would be 30% down but will still close . no income no doc 

Why can't you simply escrow the costs of the road repairs with the local government or provide them a letter of credit to accomplish this? 

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.