@Yocheved Beer Lender's customarily will not provide credit for imputed equity for merely purchasing a property well.

The answer varies greatly depending on the arrangement of your deal with the owner/landlord but in general you need renters insurance to cover your contents (since you are renter presumably) and then excess liability coverage for your short term rental activities.

Approximate purchase price of $650-$850k with a construction budget of $1.0-$1.5m depending on total unit count. 

An application, approval/denial letter, lease, checklist, termination and security deposit notice, will cost many thousands of dollars from a lawyer if he drafts it from scratch for you and, for example, if he is not located in Cincinnati he probably will not be familiar with the ordinance requiring deposit alternatives or providing tenants copies of the ordinances and statutes the City requires. 

Cashflow provides more certain return AS WELL AS downside protection.

If you're buying in cheap/rough areas then you're likely going to be getting market rate tenants who, for whatever reason (but usually something in their criminal or rental background) can't rent in better areas and can't qualify for vouchers.Nothing wrong with being a low-income housing provider as an RE strategy, just don't assume that subsidized tenants will be flocking to your units.Good luck!

Multi-family can work out but if you're marketing to travel medical professionals, many of whom work nights and sleep days, you'd need to be able to provide a relatively quiet space and that can be hard to achieve in multi-family properties.

As for the disability benefits, it depends on the state, but as a general rule of thumb, you are typically only exempt from property taxes on your primary residence.

I'm sure I will not provide the proper information for you all to give me the right advice but this is what I've got:I'm a somewhat recently married 36-year-old dude.

We provide fix and flip loans as well as DSCR loans.