Investment Info:Small multi-family (2-4 units) buy & hold investment.

Even if it takes longer to pay off, having a steady, reliable tenant might actually be less stressful than managing an STR.FYI - consider starting with a regular rental but structuring it as a 6-12 month lease.

My strategy is buy & hold for stable cash flow with some appreciation over time. 

The only reason a property owner would agree to rental arbitrage is if they see it as advantageous to them over taking a regular tenant.

i think of that as 'holding costs' rather than lost rent. 

It appears you are able to hold her responsible to cover damages and lost rent.

@Sidra Amir I work in a group home that regularly has a pest company come in and inspect for bed bugs with a bed bug detection dog.

It depends on the market and whether you'd like to hold onto more liquid cash to put toward the next deal. 

This property will be the first of many, and we hope to continue scaling in Cincinnati over the next few years.To start out, our plan is to buy and hold a cashflowing 2-4 unit property using a DSCR loan.

You’ve got to follow the rules closely, and that means working with a qualified intermediary (QI) who’ll hold your funds in escrow while you shop around.