Purchasing a “distressed” property and “repositioning” it requires significant capital for improvements, build outs, holding costs, maintenance.In looking for that “needle in a haystack” slam dunk great deal you’re competing with very knowledgable, greatly experienced investors with the cash to make no contingency offers and close in a few days.  

And, yes, inspection deficiencies can hurt your valuation because once they are disclosed, you are required to disclose those to future buyers. 

Things just require more ongoing expenses percentage wise out of state because you have to pay people to do everything for you and you will have a longer time building relationships with vendors even when getting decent referrals. 

It is required by the law and the Code of Ethics.2) There is no such thing as not going through your brokerage when you have a license.

I am not yet familiar with the management fees for an STR yet as we self manage, however Cleveland itself is currently STR friendly and just requires them to be registered if you have stays over 90 days and then you register with the city and pay $35.

It all depends on what your requirement for cash flow is.

As I mentioned every person and their criteria is going to require a different loan program and each loan gets risk graded based on several factors.

However this would obviously require substantial work and we probably wouldn't have the funds for years.Since I think we'd be losing money to rent it out (if we were to move) at our current rate with a conventional loan, I'm imagining maybe some kind of seller finance situation... which gets back to my question, what kind of deal could we present to our landlord that they might find appealing and gets us the chance to at least break even on rent?

In my search, I've noticed that many positions require proficiency in Yardi.I've been actively looking for effective ways to learn Yardi, but it seems challenging to find suitable training or courses online.

Yes, I share the same feelings and dont understand why the information and steps required is SO extensive!