This is just my preference, I would buy in Cincinnati if the deal made sense, but I would target C+ or better neighborhoods, multifamily with 1 or 2 bedroom units. 

Just get a car that makes sense for you and that can get you around.Jeff Bezos was work $1B and drove a honda accord. 

You will find cash out refi rates to be higher for investment properties, so it may make more financial sense to get a mortgage in the beginning, if you are going to hold a mortgage on the property after the updates. 

That makes sense.

Personally I think the strategy is great with regards to rehab, and I have bought a house before with a credit card, but I also had a ton of liquidity and lots of simultaneous projects and it just made sense - and I didn't pay any interest other than 1% to do an 18 month no-interest, which gives me an effective rate of .667%, or just about free. 

Sell it, take the money you made from it and go buy rental properties that create positive cash flow in markets that make sense (i.e. rent to purchase ratio's at or equal to 1%).

Install submeters if the plumbing is accessible and makes sense.

I hope my question makes sense 😊.

It makes sense that more needs to be built.

On the expense side you can call the vendor directly to get the amount and you can use your own common sense to find out how much an expense would be.