You want an investment that pays for itself, including mortgage, taxes, insurance, maintenance, and even some money set aside for a reserve to cover vacancies and capital expenditures.

But the fact remains that you would be paying for 3 loans essentially.  

Kody, you need to investigate the Pace Subto group and pay to get in. 

Now, you need to figure out how to find deals and pay for them.

The reverse mortgage company wants buyout and I dont have over 200k to pay out.

We had success in summerlin with insurance company paying .. over a 24 month period we had 3 tenants   fair market rent at the time was about 2200 or so non furnished.. we got 4100.00I did not like the turnover so I put it up as furnished rental and got 3500 and its going into its second year with a superb tenant. so seems like a happy medium for us.. 

Value: I am paying current market value. 

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.

If you’re paying off less than $800/mo on your loan id say sell come April selling season.

   #9  SWEETEN the POT:    Do not think that paying extra rent is going to entice owners to rent to you.