If you max out your LTV with the entirety of your savings for the down payment, you won't have any extra for any possible repairs/maintenance that may pop up unexpectedly.

I am feelin the power of BP!

That being said, please try to do everything in your power to read what I say with an open and mind and, more importantly, an open heart.I was very close with your father.

@Mindy Jensen,good catch on the grading under the house.hope you rented/bought an extra pump just in case.now off-topic, this-old-house had a few episodes where they explained the types of sump-pumps.they had mentioned one pump that runs no electricity, using water pressure from city water.many houses in chicago area had basement floods because there was no power for extended periods of time, which eventually drain even the battery backup.

It will require a generator if the power is off, an air compressor, an adaptor to go from air fittings to female hose threads.  

The water was turned off, because there was no power.  

So, this is a big behind the scenes issue here already and I just would make darn sure no one from any govt agency with veto power (or just other powers to use to make a damn clear its a BAD idea) is going to flip out on that electric baseboard heat idea, especially since electric heat up here in WI is about as common as a Brontosaurus!

"Your Invisible Power" by Genevieve Behrand is also great.  

You can research any topic and almost any Guru on BP.These will help you start on a right footing and achieve possible success.Applied knowledge is power.

Simply refer to the rules, which as a landlord you have the power to significantly influence, and never let them see you react emotionally.