I'm not sure of the challenges of having floor vents pose when installing new flooring. 

Each place comes with it's own challenges.

It will be a fun challenge to be involved in!

Out of state has it's challenges too, but we have developed a good team of partners on the ground who are our eyes and ears there. 

Here are our current monthly numbers:Current Mortgage with PMI, taxes, and insurance: $2485Upstairs rental: $1500, so we are paying $985 "rent"Conservative projected numbers within 5 years:Mortgage (after refinancing out of ARM and PMI: approximately $2200Upstairs: $1600-1650Downstairs: $2300-$2400Monthly profit: $1700-1750Despite all the challenges, stress, and struggles I feel like this project was well worth it, we learned SO much, and for the most part, really enjoyed the experience.

5 yr - 20% rule is unique to OH.

I've done quiet a bit of research which include webinars, podcast, YouTube, and just some good old hard cover books, but even with all that information I'm finding it rather challenging to actually start making some deals happen.

This particular property is quite unique (Side by side duplex with 3 beds and 2 baths per side, hardwood floors, and completely updated...oh, and the last house on a cul de sac with almost no other multis in the entire town). 

Real estate is unique in that one can create significant capital out of nothing but knowledge.  

The challenge is that it doesn't need any work (seriously, it's spotless), so going the hard money route, renovating, then refinancing with a conventional loan doesn't seem like an option.