To succeed in Cleveland's short-term rental market, research local regulations, analyze potential locations, find ideal properties, build a network, plan renovations, stay connected with BiggerPockets, focus on modern bathrooms, cozy outdoor spaces, and practical amenities.Good luck!

It would be ideal to start here for a hands on approach, but honestly, if the deal is good, I'd take it in any profitable market.

Ideally, you have the terms for doing that outlined in your property management contract.

Acclimating for at least the manufacturer's recommended time period, temperature and humidity prior to installation is key, as well as keeping the subfloor at the recommended temperature during install and after, sanding down any high spots/leveling the subfloor as much as possible (less than 1/8 in. over. few feet is ideal), leaving a 1/4" gap against the walls for expansion, and limiting the number of heavy objects placed on the floor in one area can help reduce gaps forming after install.

What I have saved would ideally go to filing an LLC and earnest money when I get properties under contract.

Compare that to what you are losing now which appears to be nothing except the inconvenience of a less than ideal payment pattern. 4.

This creates a new issue because I deal with small notes under $75k in value and need to bundle them to meet a collateral lender's min loan amounts.A partial buyer will look unfavorably upon a hypothecated noteYou guys think there's any wiggle room here for negotiation or would this destroy the note's value from the note investor's perspective?

It would be ideal to be hands on for my first deal.Any thoughts would be much appreciated!

Again, it's really an attorney's question, and ideally the one licensed in both states.And, while talking to your attorneys, have them justify the need for an LLC.

Can you share your experiences on inheriting less than ideal long-term tenants after purchasing a property and how you got through it or resolved it?