In the time since I first joined biggerpockets,  we've launched a roofing company that's being franchised nationally, a toxicology lab, a scrubs company with Patch Adams' foundation, and a handful of other ventures - but investing in real estate I feel like a permanent neophyte!

Just make sure your numbers work and your fiance is cool living with another family under the same roof.

Reshingle the roof - just asphalt tilesNew AC unitWe think there is mold in one bathroom and under kitchen sink, so some mold removal. 

Well, I think that I cover it in this article in a bit of detail: https://www.biggerpockets.com/blogs/10145/66160-ho...There are not a lot of markets left right now that haven't had a large price run up.

On commercial apts or with an older seller there is usually a 5yr balloon.Offering a payment of $250 on a $100k house probably won't cover even his $25k mortgage payment. 

Covered parking a good selling feature.

I wouldn't even think about making the extra payments, especially because you're looking to invest in more real estate based on your profile.  3.625% may be the cheapest money you'll ever get and with the house hack, it seems like most, if not all, of your expenses are covered and your housing costs are pretty cheap. 

And with the roof being 5 years old I feel good about limited capex in the near future. 

FHA needs 75% of the rent to cover the mortgage. 

I’ve discussed with my lender the option of a 203k loan but my question for you is does this loan only cover renovations to update an property to FHA guidelines or can it be used for any renovation to the property such as additions?