Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here
Medium-Term Rentals

User Stats

40
Posts
19
Votes
Kimberly C.
  • Orange County
19
Votes |
40
Posts

Vacant 3Bed/1Bath 4-car garage SFH in Canton Ohio - Cashflow Options?

Kimberly C.
  • Orange County
Posted Apr 14 2024, 13:09

I bought a SFH in Canton Ohio last year with the goal of making it a MTR due to the location (STR is NOT an option due to regulations but it is close to various hospitals) and the 4-car garage (makes for a lot of options).

Long story short is I quickly acquired 2 other properties right after and spent all my focus setting these 2 properties up for doing the STR loophole for tax purposes (which was a complete success!).  Now I'm back to this vacant property in Canton and although I still think it would make a great MTR I rather focus on acquiring another property and putting my capital there.

I'm currently weighing all my cashflow options for this Canton property and trying to find the best balance of additional funds and maximum cashflow.

Here are the options I can think of:

*Let PM take over and just LTR it (no extra capital, minimal time managing, minimal cashflow)

*Find someone to manage the MTR (extra capital needed for furnishings, then either rent whole house or rent by the room, better cashflow)

*Rental arbitrage (no extra capital, better cashflow than LTR?)

*Other option I'm not seeing?

If there are any MTR investors in the Canton area, would love to hear your take on cashflow and options for a SFH 3bed/1bath 4-car garage?

Loading replies...