@Ned Carey How exactly can we do an addendum correctly and what to avoid/prevent that makes it incorrect?

However, I believe FHA with low down has to be owner occupied, so that might prevent you from getting another deal that isn't house hacking.

I've also set up a partnership to do some fix-n-flip projects, but again, finding a good deal has prevented moving forward.

Insurance of the two rental properties you'd plan on buying- Utilities and holding costs of the properties if not rented (like around here landlords have to pay water and trash and we have to keep heat and stuff on in winter to prevent pipes freezing and we have to keep AC on to prevent floors warping and such during summer)Those would equal the amount you need to be able to afford.

Imagine stacking new tenant protections to prevent removal on top of the Chicago RLTO.

Before you move, I would cut back any encroaching trees, repair any masonry or concrete, and do any preventive maintenance on the septic or sewer system. 

. - Kitchen stove/ refrigerator/ microwave/sink must be maintained clean without grease/stains when possible. - Toys, and other belongings on the Deck and lawn/patio/outdoor areas must be organized and not lay all around the property/yard.

The ceiling has some old staining and texture drooping (which is also happening in the living room).

Usually a mortgage company once notified will step in and pay the taxes to prevent their interest in the property being lost, but not always.

I don't lose much due to theft, instead it's just wear and tear, stains on the sheets, that kind of thing.