I'm looking into purchasing a rental property in the Belmont area of Dayton, OH and wanted to get any insight for this market as it seems concerning that the average rent is higher compared to the actual costs of houses in the area.

However, in such a case, a rescue fund would hold a superior position in the capital structure compared to the common equity investors, including yourselves and there acting as a parasite taking equity upside from all common equity investors.While this might provide a safer position for the pref equity slash rescue fund, it would also significantly impact the returns for common equity investors (previous guys).

He said they are killing it compared to regular SFR rentals.

Corvallis is notoriously “anti-building”, a more hyper-inflated market inside of its own bubble compared to the rest of the willamette valley.

When you compare to cities you know think of Detroit as the old urban core.

So, that example is not relevant/comparable.

You can also recapture loss's in it compared to a C or S corp. so it does have tax planning benefits.  

How does it compare to traditional LTR from your perspective?

Unless someone here knows otherwise.Having said that, personally I'm not sure how valuable anonymity is compared to the cost of the structure ... as many have said here on BP.

I also do a lot of market research in each of the markets we operate in to understand how much comparable properties would charge.