Obviously need to check zoning and set up costs etc. 

It saved my quite a bit on interest costs.

Hi @Damon Diddit I would avoid Newark at all costs. 

The sale failed and he still owns it.One of the potential solutions is to use an SBA 504 loan for the real estate. 

HelloOver saturated STR in Ohio markets have caused many STR to drastically lower costs to as low as  $100 for entire bedroom home.My are higher and I'm not competitive with the lower cost Abnbs.I also feel hotel industry are mass building new hotels to compete with str. 

Again I cannot collect rent to justify this cost/effort.  

This can be very expensive and is usually the worst choice because you can't justify the cost.2.

For a single property, a strong umbrella insurance policy may offer sufficient protection at a lower cost.

Building a trusted team is key, so starting that process as you actively search for your market will put you in a strong position moving forward.River - Would you prioritize meeting these team members over going to see some potential properties for a first visit?

The primary risks at this point would be       1) to your lender, the risk of a margin call.       2) To you; underestimating the true cost of a project and cost overruns      3) To you; legal risk of securities regulations if you partner looses money.