Rates are hovering in the mid 7s depending on your credit score.

I do need a property that is not very expensive, which is why I have been looking into Clevland due to their low selling prices and high appreciation rates.  

Nothing has changed for now.2024 update: We recommend eFiling for everyone, however starting this year eFiling is mandatory if you file more than 10 forms.2023 update: The IRS (finally!)

The amount of equity I call pull is less than the cash I have but not significantly less.When doing this analysis it struck me that it may not be worth using a HELOC for the simple fact that the interest rate is ~9%* while the funds in my high yield account are only yielding ~5%*.

OccupancyMost lenders require a minimum occupancy rate of 85%.

My agent is currently finding best rates with Travelers.   

I could raise prices and make operational changes whenever I wanted.

That being said, with interest rates being higher now, I may not be able to find a turnkey property that makes financial sense.  

I have to imagine it's a bit more negotiating than just purchasing something with cash, since it's essentially bartering @Rene Hosman YEARS and that's if they actually got approved because it had to be so completely vetted to avoid lawsuits after approval. 5-10 years but the stance of that municipality was anti-change, anti-development, NIMBY on steroids, etc.

CoStar) to understand the rental market (rent amounts, absorbtion rate, etc..) but that service is fairly expensive.