I’d say ‘improving from a low level.’Recognizing the seasonality of inventory levels, let’s just look at June.

Investigate your choices for financing, such as FHA loans, which sometimes have lower down payments.

Mortgage, Taxes, Insurance, HOA: $3040.37Estimated rent: $2475Total Expenses: $3660.12Vacancy (5%): $123.75Repairs (5%): $123.75Capital Expenditures: $100Property Management (11%): $272.25Information when I bought the house in 2022, new constructions Purchase Price: $373000Purchase Closing costs: $4662Current home value: 400k-420kCash Flow: $2475-$3660.12= -$1185.12; -$71107.2 at 5 yearsCash on Cash Return on Investment (CoCROI): 0%Appretiation per year (6%); $535,290.23 at 5 yearsEquity: Loan value $345,089.53 at 5 years; $190,200.47 in equity at 5 yearsLoan Value today 6/2024: $368,201.59Total ROI in 5 years= (Total profit/Total Invested capital)/ Time (in years); Total profit: $190,200.47Total Invested: $71107.2 (neg cash flow) + $42757 (closing sale costs)= $113,864.20Total ROI (5 years)= ROI 67%, annualized ROI 10.8%My biggest concern is that I am relying solely on appreciation and assuming will appreciate at 6% per year. 

- How does yours compare for fit, finish & amenities via either online interior pics or you personally visiting- What can you copy from these other properties' ads to improve yours?

I’m trying to get loan for my first rental investment and I was wondering does anybody have experience using a Mortgage broker that service the Cleveland, Columbus, Dayton, Springfield Ohio areas?

I would also consider other exits in case the house doesn't sell and run your numbers with a worst case scenario and you're holding the loan for 9-12+ months.

This can be solved by the lender being willing to add the buyer’s commission to the purchase price when calculating maximum loan amount.  

First, never send a lender money unless it's to be paid for appraisal or admin charges and if you looking for a good lender I could refer you to our hedge fund which offers you a hard money loan with no experience and only must be a homeowner.

Cameron,If you are looking for a Primary Home loan its easy you can use a DPA program. 

Following that I usually take a look at the numbers (sometimes just appreciation & loan paydown), get excited again, and am ready to buy another property.