Based on your description, Party 1 seems like the safer choice.

There is the risk carried by the turnkey company during the renovation and being able to find quality residents for the home and ultimately the investor and at a rental rate that makes sense.

This gave us peace of mind and ensured that any unexpected incidents wouldn't result in major financial setbacks.These two choices have played a crucial role in optimizing our STR strategy, balancing profitability and protection.

So, factor that into your thinking about whether its the right choice for you. 4.

Depending how much of the neighborhood is a hot zone for renting rather buying, and which Property type is performing better than the other (meaning 1bd 1ba 2 floor renting out faster and much more consistently than a 2bd 1ba 1 floor), you can make your choice of those factors as well as other ones that impact your decision for what you wanna do with your investment.

Cities like Memphis and Columbus often have more affordable properties and good cash flow opportunities, making them popular choices for investors.

While I can't speak for the other markets, Columbus is a solid choice as an investor myself.

I realize not everyone believes in paying for a coach and sometimes they get a bad rep, but ultimately, some people want to do it.

Give The Ultimate Guide to Grading Cleveland Neighborhoods a read to see what's what.

Sounds like I can safely write them off only after I purchase the rental and start the renovations to ultimately rent it out.