The FMR for a 6 BR house is over $1,800....one person's trash is another person's treasure!

Take into consideration that when the person you gifted the property to will have special tax considerations as well 

I have read all of the "trends" and statistics but now I am Looking for feedback on personal experience in the Akron market.I appreciate it! 

I don’t think that is the person this sort of situation is meant for.

We've not met in person yet, but know each other.

I financed this property using down payment funds from 403B and a local commercial bank. 15% down from personal funds. 85% down from community commercial bank. 3yr balloon, 20yr amortization, 7% interest rate.

I personally would stay away from condo-tels as they will be even worse and you'll have less opportunity to cash flow. 

I personally don't mind cooking on electric but I will say that cooking on propane is different than what most people know which is natural gas.

@Ilir Livadhi I think you are referring to property wholessalers telling you how much the rehab will be - and as you see, their numbers are often not based on reality.

This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out.