The number is ticking up but Ohio is still fine in vast majority of cases - anything over loan balance of $110,223 (2024 limit) doesn't apply - since most DSCR lenders have minimums around $100k loan amount, barely affects thingshttps://com.ohio.gov/divisions-and-programs/financial-institutions/consumer-finance/guides-and-resources/loan-prepayment-penalty-and-adjustment#:~:text=Effective%20January%201%2C%202024%2C%20no,loan%20of%20less%20than%20%24110%2C223.

We’ve been searching for a couple of months now, but we are facing challenges.It seems that everything on the market is being snapped up within less than a week by more experienced investors who can offer better terms.

If someone else is willing to outbid you you could win as well because debt is often sold BELOW face value when its not being paid.

.- New supply is expected to moderate, with inventory growth slowing from 5.4% in 2024 to just 0.5% in 2025.While the market faces near-term headwinds from slow economic and population growth, the moderation in new supply and gradual absorption of existing inventory should support improved market fundamentals over the next 2-3 years.

However, we faced a few unexpected challenges:A hailstorm damaged the roof while the property was under contract.The main water line to the property failed.

It was admittedly somewhat of a frustrating process and I got the impression that lenders purposefully make it challenging to remove and do the bare minimum to meet the federal guidelines for removal (very slow responses to PMI removal inquiries requiring multiple follow ups, incomplete or missing information on the process of removal or borrower rights, calculating LTV incorrectly, etc, etc).

I was not bared from doing any further business etc etc..

There's a very good chance the issue(s) you face have already been discussed and answered.Ask questions in the appropriate forum.

As I do not trust things remotely, I will fly to london and meet the guys face to face.

For context, I'm currently doing research on property management software, and was hoping to learn more about the challenges that landlords face.