What's the annual ROI on the cost of the points to you in terms of savings?

For this post, the long story short is that no cats were on the application but lo and behold, there are 4 cats in the house during my first inspection.

That way I wouldn't be subject to long term capital gains tax and save a decent chunk of change.Also, my understanding of gifts, in this case money, is that there is a yearly limit to how much you can give someone without having to fill out form 709.

If this is a long term hold you'll want to have finishes that match comps, but are also still very durable for tenants.

@Emily Shin landlord experience is invaluable for a career in rental real estate.It's not something you may want to do long term, but the experience can help you select and manage PMCs.

Columbus is worth looking into as well if you want to hold real estate long term.  

Hard money rates/terms so awful I don't see it as a viable option unless have some insane deal.

I saw many highly successful hard working people lose money to them as well as people who couldn't afford it.

Jessie Vasquez is in your area and is a very successful MTR investor and coach.

I'd underwrite the property, with that low interest rate assumable mortgage, to cash flow positively from day 1 as a long-term rental, but be willing and able to use the rent by the room strategy or to rent out part of the property as a Short Term Rental to dramatically increase cash flow during my occupancy.