HelloOver saturated STR in Ohio markets have caused many STR to drastically lower costs to as low as  $100 for entire bedroom home.My are higher and I'm not competitive with the lower cost Abnbs.I also feel hotel industry are mass building new hotels to compete with str. 

Are you buying amazing deals or are they closer to market value?  

I just get a feeling in my gut that something's off. 

Thanks for posting of course but feel free to reach out with anything else.

You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1  Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.

Feel free to reach out if you have any questions about the local market here or want to connect! 

I’m potentially looking to purchase a mid-term or long-term rental property in a different state because I feel I may be able to find better deals elsewhere.

Feel free to msg me, I'm happy to help

I’ve had many clients do a traditional 1031 and then they feel like they have a gun to their head with the shot clock.  

If it's a larger organization, feel free to inquire about their different staff qualifications.2.