Thank you very much for sharing your wisdom!  

I’m even considering buying thick rugs to give the tenants above but even that sucks to have to tell tenants what they need in their home.I really love the community on this site.

@Chris Lin, I appreciate your candor and sharing your experience here at BP. 

On paper other areas of the city have much higher cashflow but they come with their fair share of hassles.    

Please share.

For reasons mentioned above the post will not be removed for transparency reasons but thank you for sharing your experience and clarifying the situation. 

They asked how we got a hold of a site from a private listing.

Assets identified in this study include:Standard windows and doorsInterior ceilings and wallsBasic plumbing and electrical systemsBuilding structural elementsBasic HVAC componentsThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

Would love to connect and share some info on the Cleveland market!

Can you please share the link for your STR listing?