@Julien Lorincz you may want to also check out Detroit, per below data:What other Midwest city has as much investment planned as Detroit, yet offers such affordable real estate investments?

what I really watch out for is JUNK fee's you may have 1 point origination but by the time you add up the junk fee's your really paying about 4 points or more.. this is the only way they can stay in business.. there is no way a lender can do a loan as you describe and the sum total of their income is 1200 bucks..  

I plan on buying at least a couple other 2-3 unit properties in the area (Newark, Jersey City, East Orange) over the next 2 years, so it will be great have a contact.

Our goals: Obtain another investment property while not having to pay anything for a down payment.I envision that my in-laws would use $250k (equity in current house) as a down payment to get into a new smaller location.

If you're not planning to live in the property long-term, I'd suggest prioritizing the property's standalone investment potential during evaluation, regardless of its role in a house-hack scenario.

I don't want to pay the full price and you shouldn't either!

Title company pays off $450k note, QI holds your $550k that you’ll then use as a downpayment on replacement property or properties.

I've learned some hard lessons with tenants, so I'm totally ok with not letting her renew, but also if she's been able to pay rent with unemployment maybe it can work? 

Thanks Andrea - I will pay attention to Toledo market as well.

Any of these things happen and you’re on the hook for a lease you can’t pay.