I can pay some va's 400 to make 1,000 callls per week.

After all, you have no evidence they agreed to pay rent or any of the other terms.

Hope is a bad strategy.The only on market strategy that I think can work is paying cash/line of credit/hard money for a property that does not qualify for conventional financing.

Well that is when the lower tenant feels like paying her 20% portion of the rent of $240 per month lol!

It would take you a life time of cash flow in Ohio to get that return.I would strongly advise you against paying cash for a $100k property.

So all of the gain and depreciation recapture are initially still tax deferred.However, like Joe said, the down side is later when sold  you lose the 1031 option. the client will pay tax on all gain and depreciation recaptured from before the 1031 also. 

I noticed that the previous owner let them pay half the security deposit and the other half later, which is a red flag.

The rents from the rental pay for her room at board at the retirement home.

But really you’re just creating a second job for yourself and one that doesn’t pay very well if it even is cash flow positive at all 😆I used to buy houses for STR but now that I’ve got several STRs up and running that I bought many years ago, I stopped buying STR once mortgage rates went up and housing prices went up.

Personally, If I could pull out a HELOC, I would use it to fix and flip which will typically make sense as you shouldnt be keeping the money out for that long and you can recycle it or pay it back and build off the capital that you got from. the flip.