Long term rental comps on average, when you pencil it out, will be at a loss in the $100-500 range in my experience.

These companies typically handle the construction and sometimes even the property management, which can be a great way to enter new markets without needing to be hands-on.In terms of returns, BTR properties generally offer stable cash flow, especially in areas with strong rental demand.

Hi Yu Jin,Dayton is a step up from Toledo but also comes with a step up in price.The numbers make sense in many Ohio cities.You make money when you buy and not when you sell.So look for off market (We do a lot of direct to seller), negotiate hard, buy with cash and buy quickly.Great deals don't last so you need to know the numbers very well in your target market.I've flipped hundreds of properties in Toledo since 2014 and am glad to say that I know the market like my back pocket.All I need is the address, scope of work and how much I can buy it for.Quick access to AREIS, the MLS to run comps and "ka ching".I know if it's a deal or not.Immerse yourself in the market and become a market expert on the numbers.Nothing comes easy mate and all good things take time.If you are looking to build a rental portfolio in Ohio you have to build a big one.Buying 1 or 2 properties and expecting a significant impact to your bottom line from a net-worth or cashflow standpoint isn't worth the risk IMO.In all sub $100,000 markets, it's important to build a large portfolio as there is a high likelihood that you will have repairs and vacancy on 1 or 2 properties at any given moment.Just my opinion and all the best.

As for buying your first rental you can say it will be your new primary residence to take advantage of the 3.5% FHA or 5% conventional.

Hi Gustavo, Unless your claiming that rental income on tax returns lenders most likely will not consider that into your ratios. 

However, don't prioritize return of capital over return ON capital.Focusing on strong rental areas, high quality tenants, solid property upkeep and long term gains will keep you alive in this business longer. 

I'm particularly passionate about rental propertiesOutside of real estate, I enjoy Tech and Sports.Excited to learn and connect with you all!

But I have rentals in North Carolina, and I think NC state law only requires 7-day notice on a month-to-month lease, where partial June rent credit would be due even if they didn't give notice until first week in June.  

A New Hampshire Supreme Court ruling last week prevents municipalities from restricting short-term rentals in the state, so this should be a "safe" place to pursue STRs. 

If you want to turn it into a rental, AB all the way.