If the market is tough, I reduce the rent rate over the full 12-month term.

As Columbus cements its reputation as a tech hub, the ongoing and planned investments by major tech firms are likely to ensure long-term growth in the local real estate market.

Are you needing a long term or bridge loan?

Prepayment penalties- usually 1-5 year terms.

As long as you listen to your insurance company's regulations as well as your local ordinances you should be fine. 

Although whichever option you go with make sure you're also thinking about the long-term property value and what makes the most sense vs trying different angles now that negatively impact future resale/property values down the line. 

If transferring the property to an LLC, be mindful of the due-on-sale clause, and note that an LLC itself does not offer tax savings unless electing S-Corp status, which is rare for rentals.To maximize tax benefits, consider cost segregation, bonus depreciation, and short-term rental (STR) strategies, which could allow you to offset W-2 income if structured properly.

I purchased this before deciding to get in to real estate.I am trying to decide if I should rent the property out or sale it to buy something with long term investment in mind.

I'm familiar with Jeff and the C2C team (i've heard great things) and work primarily with Fernandos team who I love.Right now - all of the padsplit loans I am working on for my clients are underwritten based off long term rental rates.

REIA is a generic term.