One of my LTR tenants is a heavy marijuana smoker and the smell is invading my Airbnb.

However, more often than not the terms are not competitive or reasonable for the borrower.

As others have stated there is competition and insurance issues.

The rate and terms were highly competitive and the rate was about 1% lower than I had heard, it was at 7.625% about 1.5 months ago.

I built that one a few years back it will be similar only the exit is going to be 850 to 900k this time around.. this area does not have the heavy influence of the BAR like south of Broad  and other areas..

Its not an always black and white though - DSCR Loans with heavy prepayment penalties can often be equivalent or even somethings better on rate vs. conventional

Make sure to connect with heavy hitters and you'll soon accelerate your learning curve ten fold.

Similarly, by renting out their house to a STR operator, the landlord receives secure rents rather than taking on the heavy lifting of operating a STR. 

Cleveland has a lot of duplexes available in rental heavy areas that cash flow with purchase prices under 200,000.

. - Also, spend some time before/after to drive by comparable properties in the neighborhood to understand your competition and the rents they are asking.