@Richard BrownI recommend a consultation with an accountant specializing in real estate taxation to discuss depreciation and deductible expenses.

Other property owners have been running specials on rent to fill the vacancies, charging the same rent of $1200 that he signed a lease with us for the 2/2.

Currently on the lookout for reputable wholesalers specializing in single-family homes within the Cleveland, Ohio market.

If the properties are decent I would find a realtor that specializes in investment sales and properly marekets them.

@Priscilla Z. has hosted an experience group in the past that specializes on wholesaling…I hope she responds for a time and place.CFRI Central Florida is the larger group, with classes offered.

The HOA funds are limited and if something happens, there will likely be a special assessment; roof and/or exterior paint are the big ticket items that are near end of life according to building assessment. 

I was hoping there maybe some special portfolio loan that may work but I may get a cosigner if all else fails.

I would not poke the bear in general and not buy in HOA but if you are bent on doing it, I would consult a RE attorney that specializes in HOA.  

Hey Jason,A master lease to a reputable company may very well be a good option.If you are looking to do LTR I would suggest a move-in special. 1/2 Off the first month's rent, etc.Are they all the same layouts and finishes?

I would get a second opinion on this from a CPA who specializes in real estate.