We’ve had great success with our listings, regularly achieving 5x the market average ADR on Airbnb and receiving frequent offers from local realtors to purchase.We’re now considering scaling up with a new project and have been approached by a friend who’s interested in partnering with us, providing financing for renovations.

Liens are being filed regularly against Blacktip-involved properties.

Your lender most likely requires you to occupy within 30 days of purchase, so make the seller remove them so you have time to clean/repair after closing. 

If 80% of $4,200 ended up on the depreciation line (in addition to the regular depreciation of the building) - you are fine. 

We also collect a cleaning fee and security deposit for each rental.

We took security in and cleaned it up and we also took over a small portion of management for the owner.

You can read for yourself here: https://www.clevelandheights.gov/205/Point-of-Sale-Inspectio....If I understand correctly, they must disclose it before they can accept your offer and they should make the required repairs before they can sell the home so that you have a clean Certificate of Compliance.

He took depreciation on the prop, claimed the kids I’ve had primary custody of, and likely pocketed the returns.I am in the process of trying to engage a communicative/experienced accountant to assist in cleaning this mess up asap and fortunately our amazing bookkeeper of approx 8 years is very knowledgeable and responsive.

I clearly don’t get on here regularly enough 😑

Hi Anna,We can do 80% ltv in this price range and regular do one or more properties for clients in OH markets.