I'm going to use a basic mortgage calculator for the doing the math on this example.If I have a 200k house with a 165k loan amount and 3.75% interest, and .5% tax the monthly payments are roughly 850 for 30 years.

I highly doubt the money holding company is giving lie detector tests and there is no way a basic criminal background check, which is all computerized, is as expensive as an Special Agent going out and doing interviews, collecting documents, assessing information, creating and typing reports, etc. etc.

The property is 1,020 sq ft home  4 bedroom, 2 bathroom, condo that was built in 1953,  with an appraisal of $91,000 (Repaired), $70,000 (As is) .The only special features the property has  is that it has a basement and private parking which is a plus because most properties in  the neighborhood do not have.

That quote is only for determining whether space that is part of your primary residence but not part of the living space such as a basement or garage apt. or a first floor office or retail with residence over (see their example) should count as residence or be excluded from the 121 calcs.

i know this is a basic question and appreciate any help.

I see it does a basic credit and background check, but what else does it tell you?

You need a local HVAC guy you can lean on, one who is preferably a fellow property investor and understands your business.You need to learn the basics of every cooling system of every home you self-manage, and that entails a basic familiarity with furnace  fundamentals. 

I am interested in a basic diversified stock/bond portfolio, basic asset diversification following some guidelines I read about that help mitigate market risk.

There's typically very little interest and even spending $3500 for a basic wiring package in a home that will sell for over $1 million, is a bit of a hard sell. 

I have a basic newbie question about growing the number of properties I own.