Hi BPers!
I have an STR we've run for about a year. While it's positive after expenses and has potential for improvement in year two, it’s been a bigger hassle than anticipated and taking attention from other priorit...

Have you considered creative financing options like joint ventures or seller financing to reduce reliance on outside capital?

So a loss of about 55k We did a lease to own option so I could immediately take over expenses but keep their primary resident loan and interest rate.We agreed to a deal which would cover all their expenses at closing, their remaining loan balance, and $45,000.

Similar for bathrooms if virtually all are multi bathroom but you find a single bathroom, making it multi bathroom via new construction could be a value add.There are more sophisticated value adds such as add multiple adus via bonus density program.  

Please advise on how to accept a colleague request...the 'accept' option isn't showing and 'notifications' does not activate when selected.  

Not saying you shouldn’t move forward, just that all options should be on the table!  

Also, after a year, the mortgage hasn't been paid down by much, especially if it's a 30 year mortgage.The only challenge you may run into is if you purchased it using a low or no money down mortgage option like FHA or VA lending.

Cleveland almost seems like the best option because of the affordability and rental demand, but worries me due to the high property taxes and lack of population and economic growth.

Make sure you get into a property than can support both options.

Creative financing options like seller financing or assuming a low-interest FHA loan can also help you secure better terms.