It's not worth it.I'm told that FHA has ways of finding these things out that are more involved than just getting your mail at the address.Ohio is not listed in this resource: http://www.ncsl.org/research/financial-services-an...But in many of the states listed, mortgage fraud is a felony.

It's completely up to you the amount of involvement, renovation, risk tolerance you have with likely low income or credit challenged tenants.

I do minor repairs and clean ups for property managers in my area and the bill can add up fast.

I know that these are basically retail deals, so it’s more of a question of which type of building mix would would you go to.My plan involves selling a few of my SFR and transitioning to small MF around Orlando or Jacksonville and I’m leaning towards one building type of places because I’m thinking one roof vs two or three may help for maintenance.

You probably want to help you tenants get out of there until the damage is repaired.You will have a large clean-up job. 

The maintenance cost estimate does not even cover cleaning up after vacating.

Get involved with a local REI, seriously, go to one a week.

I have been thinking about covering the hardwood with LVT since it would be the same floor all over the house instead of having lvt next to hardwoods and LVT is easier to clean/maintain.

My main concern would be the vacancy between tenants, and cost associated with a tenant moving out like paint and cleaning.   

My wife and I are looking to buy a home next year and ideally would like to find a lease with an option to buyWe spoke to an agent and he said they could approve us as soon as we have two years of taxes for our cleaning company and we’re halfway through our second year now so we’d like to rent the house we finance basically is that something you guys would find realistic?