Properties in or near these cultural zones can be prime for short-term rentals or Airbnb.3.

We only have 6 doors.  5 are long term leases and 1 is a furnished medium term rental. 

@Nathan Gesner Yes, I'm fairly confident if we were to hold long term, we'll do just fine. 

Quote from @Patrick Druryck Drury: @Srikanth Kumar200-250k is a reasonable price range in Cleveland for something that cashflows. in terms of areasI would recommend being in areas on the West Side of Cleveland like West Blvd, Cudell, Old Brooklyn, Clark Fulton, Edgewater, Jefferson, and Brooklyn Centre.

What are current loan terms today versus 2 months from now versus in 2 yrs?  

I actually got caught up in the creative finance bubble of trying to lock up properties way over their value just because it had creative terms not realizing that if you were to buy a property at 120% of its value you will never be able to refi or sell without paying out of pocket.

. $300sqft to build at least.If you have any sort of mortgage on the property you will need an attorney to handle the mountain of paperwork the bank will give you for a lien release. 10k+, also probably some nightmare terms to have to build and sell immediately and god knows what.At this point a year has passed and you have spent at least $60,000 cash, you're about to break ground on a structure that will cost you at the very least $400,000 to build, you are still 1 year away from cashing out because you have to now build a house.

Hi David, If building long-term equity and scaling quickly are priorities, then option 2 aligns better for you. 

Purchase price: $145,000 Cash invested: $15,000 I obtained the home 9 years and am holding it for cashflow as a single family long term rental.

Supply and Demand: When buyers outnumber sellers, prices and rents rise.Population Growth: Cities with significant and sustained population increases are more likely to see long-term rent growth.Job Stability and GrowthA property’s value is tied to the jobs in the area.