Perhaps it's a lower base salary, but you're able to earn commissions?

In this area, many times basic repairs will not earn you approval or the highest rent determinations from CHA.

I am a Superhost and manage properties out of state (I'm in California and I typically invest in Florida). 

Closing on the other hand depending on the time of year with a conventional lender will typically be 30 days minimum.

For the lower rental unit, I'm interested in a 1031 exchange property in a designated opportunity zone (California's: http://dof.ca.gov/Forecasting/Demographics/opportunity_zones/), which provides for improved basis with cap gains payable on earnings from Opportunity Zone investment after 10 years?

Agent commissions are typically fourth highest after HML fees and also significant.

There is just so much more that goes into it.In a value-add deal the business plan is typically to go in and make improvements to the property, which ultimately allows you to capture higher rents. 

And as @Basit Siddiqi pointed out, you will likely need to file an Ohio nonresident income tax return to pay tax on the income you earned from the property in Ohio.Regarding whether you want to have an attorney look at the lease, that depends on your risk tolerance, the type of property, the type of tenants, etc. 

I know we are grown and "can do whatever you want with your earnings", but one thing I see a lot on youtube, forums and such, is the omission (knowingly or unknowingly) of advice to young investors who have earned their first deal cheque or after theyve done a few deals.Im curious to hear some perspectives. 

In regards to the your current PMI, they are are typically required to drop PMI when you reach 78% but, you may need to request that in writing to your lender most require it and you need to be current on your payments so far.