For government loans, this is typically lower however, you would have to pay a premium up front and carry the insurance for life.

The banks up here typically like to have a smaller position the more expensive the property.

Typically landlords would describe emergency repair requests along the line of involving "fire, flood or blood" (if this helps).One would assume that a tenant with a lousy credit score, two pitbulls and a yearly income that places her on poverty status would be grateful any landlord would rent to her. 

You can use a company like ShowMojo or Rently but those typically don't make sense for a small number of units.Check out this list of lock boxes on AmazonI used something similar for vacation rentals and they work fine.

I would also recommend checking out the comps (what's typical in the neighborhood on recent sales?) 

Bootstrapping this project so wondering if I can install in phases and what other owners see as the essentials versus things that can be added later.

Essentially I will either invest in my local market or work with his company but have yet to make that decision.

In the state of Ohio if the property is in an LLC you MUST hire an attorney to represent you.Once you file the paperwork, the municipal court will schedule a date as well as send out mail, certified mail and typically send a baliff to make contact with the tenant.

For a Monte Carlo simulation, I might apply a +/- to that and see to what extent variations in that estimate have ~non-linear effects on the final answer.Agree that one of the biggest impacts is the current value; for two of my properties the mortgage company provides an equity estimate (which I have no idea how accurate it might be since websites like Zillow, etc typically don't handle multi-family properties very well), but here's a sampling of the estimate variations from different sources:$252K (Appraisal for refinance 21 months ago) vs. $269,939.00 (MortgageCo) vs. $294,900/$321,230.00 (Realtor; CMA vs.

You would essentially, after 30 years, have a much nicer property paid off free and clear going this route as well if the plan is to let the tenants pay it off.