That said, weigh the cost of renovations against the potential increase in appraisal.

Its funny how many fake lenders use a NV address as well.

Have you done work to the property for ARV to increase since purchasing?

And over time, as those assets to make our product we sell had a fixed price, the dollar does not sit fixed, our cost of product increases meaning increased cash-flow.

I'd underwrite the property, with that low interest rate assumable mortgage, to cash flow positively from day 1 as a long-term rental, but be willing and able to use the rent by the room strategy or to rent out part of the property as a Short Term Rental to dramatically increase cash flow during my occupancy. 

Funny thing - I was with Compass until relatively recently (March/April 2024) as well.

By the 3rd or 4th year if they aren't the same or have increased we all prob will have bigger problems

In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices.

Rents have increased significantly but so have housing prices. 

You can also expect increasing HOA fees, and there may be some problems renting a property inside a difficult.You don't have any experience, prices are at an all-time high, and rates are also high.