They are usually good with their trade, but poor with their communication and with their business practices. 

If the ROI seems low or if the renovation costs are prohibitive, selling might be a more practical option.Cash Flow Analysis: Currently, your property isn't cash-flowing positively when considering your mortgage, management fees, taxes, and other expenses versus your rental income.

Hi @Ramesh Anthony,1) In practice, it is not presently economical to be a small-sized independent mortgage brokerage.

We will get an agent, but I want to see what type of properties people are referring to so I can be more educated.On realtor.com, I am looking at a very large area, Stockbridge, Lawrenceville to Canton etc. just to get some practice seeing what's out there. 

The lack of experience is frustrating but every endeavor I have attempted I have excelled at with enough time and practice and I am not planning to fail in this venture either. 

In my particular case, it was recommended I get a WY Statutory Trust for each property and then have a separate CA management LLC for our STR's that would rent from these Trusts in lease agreement/rental arbitrage situation.I usually just trust the professionals, as I know you've studied and practiced this for many years, and I'm just entering the space.

But it could help you narrow down where to look in PA.Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

Is it gaining or losing population.Hi Michael,Thanks for your comment.I see Toledo as quite a diverse city when it comes to employment.From white collar medical to blue collar steal, glass and manufacturing.I'm sure that you can look things up online further and find out all of the stats/demographics about the employment and population, etc...In my opinion it's very easy for someone like myself to paint a pretty picture about the Toledo market and to "smudge" your eyes with booming figures.Something that I don't practice because every market has it's pro's and con's.I will say this though just like I've mentioned to many other investors over the years.Focus on finding the right people first before focusing on the stats/demographics of a particular market.When you work with experienced investors (As in you have "boots on the ground"), they are going to be the ones that will know the micro economics of specific cities or even regions.So, the broad market stats that you can find online will differ to what people on the ground know to be true.Just my 0.02 Aussie cents lolThanks again mate and I wish you much success

That document is no guarantee that things won't go sideways, however, it should help prevent backlash if/when they do.I'm not advocating this practice but among experienced investors and sophisticated sellers, we have seen it work. 

You will likely get a wide array of answers here.I have owned my own tax practice for about 6 years now.I find it that most people come to me after their first purchase.