@Clemens GeorgRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

David- do you know if this applies to Columbus, OH?  

This will help in applying for new financing and showing accurate income for loan qualification.Investment of Savings: Invest the $40k savings strategically once the tax issue is resolved.

Does the same apply to knob and tube wiring if it’s found in the house?  

So it's not even a case of "but James, I can't find a 5%'er" because applying that effort of doing it via self WILL find and retain a 5%'er. 

Hopefully VRBO is taking into account the seasonality of the markets instead of applying discounts across the board.

There are several STRs in the area, so I suspect that the county guidelines apply only in this part of Morrison; I am in unincorporated Jefferson County.

The main downside is the loan limits for a house with ADU match a single family, not those of a duplex (which is higher).Rent control applies to MF where unit is older than 15 years old.  

Unfortunately, those that do not allow a ppp will often raise the rate or charge origination to offset their risk of having no PPP on the loan product.If anyone is interested in the Ohio statutes, you can read the summary with links to specific statutes here:https://com.ohio.gov/divisions-and-programs/financial-instit...Interestingly enough, the PPP statues only apply to 1 or 2 unit residential homes with a few other "ands" in order to meet the criteria. 

One of the questions that has recently come up for us is whether or not Rhino coverage meets the legal definition of a "Security Deposit" and whether the various security laws apply to these arrangements.