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

[Kimberly C.]

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?

[Brittany Minocchi]

Hey, I think we talked last year. I vote LTR. I cannot see arbitrage, MTR or by-the-room rentals working out in this area. MAYBE MTR, but not enough confidence to recommend that over a LTR.