FHA would be a no-go for sure ... traditional MAY be ok, but only on appraised value (based on original conforming floorplan), and you wouldn't be able to put the extra rental income towards your DTI calculation.

I don't think it's that great, but I don't really have any experience to base that on. $2200 would be at the high end of the market

According to Dave Ramsey put it in a mutual fund it should gain 12% but can fluctuate.  

House Flippers Caused the US Housing Market Crash.It suggests that it was not subprime borrowers with bad credit who caused the crash, but investors, based on the fact that the great expansion of credit happened with people who had good to excellent credit.What do you think about this argument?  

After bringing a few investors by to look at the property, I learned that the price was too high based on the work it would need to get it to its highest ARV.

I want to make sure I've covered all my bases and choose the path that's the surer route to reaching my goal.Any/all advice is welcome, and thank you for your time!

I'm sticking to my base of turnkeys until I have a few thousand of passive cashflow then I will transition to more application type plays.

does it based on the default amount or flat fee?

You can house hack with roommates based.

The property is based in Chicago, IL.Thanks!