Quote from @Andrew Biagi: Great Information exchange in this thread.

Quote from @Adam Michael Andrews: Balloons carry a lot of risk for the borrower.

Quote from @Adam Michael Andrews: You're doing your own due diligence.

Quote from @Andrew Steffens: I am not a lender but I work with a lot of buyers who utilize second home loans and I am 99% sure you cannot buy multiple second home's in the same market. 

I have quite a few that I'll list below however it will depend on what you mean by relatively low acquistion cost.For short term, you'll want to be in trendy areas like Broadripple, Holy Cross, Fountain Square, Bates Hendricks, Old Southside, Garfield Park.

Quote from @Andrew Syrios: I would also consider trying to find a way to divert the water coming into your house.

No signs of leaks @Andrew Freed

Quote from @Josh Terranova: Quote from @Andrew Syrios: We've been investing in Kansas City for 12 years now and done quite well.

@Andrew Galloway, if you’re open to a not so saturated STR market that performs strong, I would check out the Tampa Bay Area and reach out to @Josh Green.

@Andrew Syrios thank you Andrew, I appreciate it.