This has already delayed my target closing date about a week, which was locked in with the interest rate.My main concerns are as follows:1.  

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. 

The Financial Stability model can target people who are likely struggling - before they show up on the pre-forclosure databases.

Welcome Mitch,The community is a great resource for all kinds of information.

I have a friend who purchased an empty lot a few years ago, developed plans for around 200 apartments to be built, but didn't have the resources to cover the construction/interest costs until revenue could be generated. 

Actually, your 401k is a great resource here, but as a loan from it. 

If you want to ready, from the entry page, if you hover over "Education", you should see plenty of other resources.

Anyway, I wanted to reach the correct target market ($3200-3800) and would appreciate the guidance.

If the numbers are right, and you've enough resources to buy it, then just rent it out to your friend as a tenant (though I would not rent to family or friends)

I am eager to learn from anyone willing to teach  & share whatever knowledge and resources I have.