I looked at nearby comps and realized that I could easily recover my investment if I were to add an additional conforming bedroom and bathroom!

To provide some context,I plan on using a conventional loan and put down 5% (That way PMI goes away).  

A final 1003 at the top, provided from the actual lender should have that designation.

Additionally, consider other factors such as potential appreciation, tax benefits, and long-term wealth-building potential.Lastly, don't hesitate to seek advice from experienced real estate professionals, such as real estate agents, property managers, or mentors, who can provide valuable insights and guidance as you navigate your first investment. 

I've met partners, lenders, contractors, essentially my team and its been incredibly valuable.I also recommend finding someone in your market doing what you want to be doing at a larger scale and figuring out a way that you can provide them value.

The other users in this discussion have provided some valuable insights into the "hot markets" in Ohio.

Even if you default, the return to a lender is easily calculated using the loan terms usually defined in the note.

Like you I see the great value this provides.

It is bad news for agents who don’t provide value.

Crime is relevant, but much more important is house specific data, jobs data, location data and management data.Two, ask questions about how a turnkey company or management company if that is not provided is going to deliver the results you are seeing on paper and expecting.