They are a passionate bunch who really enjoy taking care of their homes and building their financial independence.

The inherited tenant class, building condition, the financials and associated record keeping, bet you can't even find all the leases!

In this case, the owner moved in, lived there, and improved the property.

My name is Molly Arnott and I am really amped about getting into more investing and finding financial freedom through real estate.

However I would think that the property management route is the most simple to learn and probably the least financially rewarding.  

Their presentations are designed to play on the emotions of sheep, peddling products and upgrades and coaching...all founded on the idea that anyone can do this, you don't need money, financial discipline is not required, etc.If you find a seminar, do yourself a favor and Google the name of the individual, the seminar, or the company.

Now that you know how to calculate the current value or potential purchase price on the property...let's talk about determining ARV on this asset. 1) Do a complete rent comp analysis to determine if there is room to push the rents higher2) If there is room to increase rents...then you can start to determine what the value of the property would be after increasing the rents. 3) This will then allow you to back track to determine how much you would be willing to spend per door on CapEx improvements to achieve the rent premium.

Will owning a financial commitment like an SFR loan place my company into a different status with regard to new fiducial/regulatory/reporting obligations? 

My contractor told me about loans for home improvement in Cleveland.

right now I just have my agent and my financial advisor at my bank, should I build a relationship with a lawyer before hand and find a house inspector as well ?