I don't hear many people mention this about these inexpensive Midwest markets but the property tax increases can really reduce your cash flow.

The original post mentioned Passaic County - but rent control will vary per municipality. 

As you mentioned here, we are also reducing our commission on certain deals whether its to make the #s work or to have the seller pay our entire fee.I also agree that many brokerages haven't prepared agents for this.

The equity that you mention, is that just the FMV less the loan balance or is that the appreciation on the property?

From what you mentioned doing a PM company would be the most valuable.

I would deduct the fee they charge x 60 reservations they have to see what it is of the gross.AirBNB usually takes 3% for 1 property, as others have mentioned.

Not to mention some of the highest property taxes in all 57 states. https://swansonking.com/resources/new-washington-state-real-... 

They are well connected but also just good guys that will make sure your pointed in the right direction if you go with Ohio.Regarding Dallas or other markets where my family's company is located, I love that you mentioned us and am honored that you want to investigate those markets and what we do. 

First, you've mentioned that pulling out this equity would decrease your cash flow by around $2,000 per month.

My local bank was going to give me $400k LOC that had to be rested yearly like you mentioned.