That problem can be solved.

Bottom line, if you're operating as a business you should be keeping business and personal completely separate.

My husband and I purchased it at $485,000 (well below the asking price of $550,000).

This would be our primary residence.

Perhaps you have a compelling reason and strategy where it would be a viable option.

Because I'm prioritizing properties that will be rentable without much fixup, I would like to network with flippers too, and I would like to find off-market deals. 

Hi @Simon Ashbaugh - Would you be able to share your list with me as well?

Typically, it would be covered by the late fee income. 

If you can't get hold of the case worker, tell them you need to talk to someone as rent is 2 months late and you'll be starting the eviction process and neither HUD nor the tenant have paid you. 

I'd be shocked if Youngstown, OH has regulations regarding this.