I can now confidently say having gone through the process with HRRE that they are a company worth investigating if Indy is a market you are active in as "passive" investor looking for turnkey properties.

If you are paying your accountant half of $145 to do your taxes,  lets say I wouldnt be super confident in your taxes holding up under audit. 

See how you feel.The only time I would consider paying PMI is if I felt confident that I could appraise my way out of it in 12 months or thereabouts.    

The sooner you can rely on yourself the sooner you’ll have the confidence to make quick decisive action.

The thing is though how confident are you on the repair costs and the rental value, is it currently rented at 1500? 

The total mortgage including HOA fees, insurance, taxes is about 1100$ a month and im confident i can rent this property out for about 1800$ a month contingent that the renter will pay their own electric. 

On the other side of the coin if your confident in house hacking as opposed to BRRRR and it pays the bills and you live for free/possibly cash flow thats a nice win there so you can continue to save up for those larger properties.

We knew we expanded our budget a bit to accommodate our wish list, but we were confident on recent comps that the appraisal would be higher.

My general advice: if it's a one-owner operation and you're not very confident that you're going to have at least $50k of net income in year 1, debatedly $75-100k, just operate initially as a sole proprietorship or SMLLC taxed as a disregarded entity (DRE) to keep costs and administrative burden low.If you're projecting over $100k of net income in year 1, you should engage a tax professional to consult on tax entity selection as you have the wherewithal to do so. 

I believe once you have done these things, you will feel confident enough to really start looking for partners to invest in as I am and ready to make that next step.