@Don Carey There are banks out there that will cash-out refinance 75% to market value (SFH) after 6 months of seasoning, you just need to call around and talk to a few smaller, regional banks.

You have to find the regional loan officer for your area and have him sign off on it.

As for Baltimore,  it does get a bad rap, it's not much like the way it's portrayed,  but our location is a gateway to the Chesapeake Bay, and I'm really thinking of targeting my local and regional market as a venue for weddings,  corporate retreats,  and family functions.As for becoming profitable,  that's the question,  but even if it's a buy and hold, I'd rather just make one lump sum payment after tax season than rustle up a few thousand dollars every month.

But I will add that I have had luck in several regions with selling appliances and furnishings on Facebook Marketplace.

@ Cody Weiss I am not quite sure to be honest,  that is why I wanted to ask the question and see what the more experienced think :) In my mind, if we're out of nafta, this will put a strain on the auto industry in the region more than anything else, resulting in job cuts -> less ppl that can afford to rent in the city.

However, Winsted does not share the school system of region 7 and it does have some negative reputations floating around.

Of course these prices can certainly vary somewhat from region to region. 

@Shane Adsir What state or region is the property located in?

Is there one main employer in the region?

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