Taking out 25K at 12% and needing to pay it off in 12 months, without assurances of being able to refi after a year could be tough.

:)As for LTR rental terms, usually we sign a 1 year lease where tenants are expected to pay Electric and Gas if applicable, while the owner typically pays water/sewer/trash with the city. 

Do you do alot of marketing?

I invest in multiple markets and have strong relations with numerous realtors in each market.

Cash Flow Pays the Bills.

But market may not be there.

Multiple "roommate" tenants all on separate leases that average out to a higher rent than market rate.If one renter goes, you have the rest of the renters still paying.

Quote from @Tom Hall: Hows rental market in columbus ohio for investors?

That means if they sell it, they will pay taxes on nearly the entire sale amount which could be a hefty tax bill.

Margins getting thinner.ADRs have actually decreased significantly in my market (Denver) since 2022.