Welcome @Rodney Smith.

@Rene Lee RamirezThe most effective rent collection method is whatever works for the tenant - except picking up rent!

Quote from @Rodney C.: Hello, I have researched this and I would recommend Chase Ink Business Preferred, because you earn 5pts per dollar spent.

@Hamp Lee III appreciate you reaching out. 

BTW - the "flip" side of this is the model I remember a bunch of crotchety guys doing down in Lee County FL. 

Here are pockets I focus on for cash flow:West side - West boulevard, Cudell, Clark-Fulton, Jefferson, Bellaire-Puritas, Old BrooklynEast side - Fairfax, Buckeye-Shaker (the north side), Waterloo Arts District, Garfield Heights, Maple Heights, Newburgh Heights, Lee-Miles (the north side), BedfordHere are the areas that I focus on for appreciation:West side - Lakewood, Edgewater, Old Brooklyn, Ohio City, Tremont (above 490)East side - Buckeye-Shaker (the north side), Waterloo Arts District, FairfaxI have a graded neighborhood map of these areas as well if you would like to check it out.

Hi Lee, are banks refusing to lend you based on the equity in the homes too?

@Rodney Turner Can you turn some of your square footage into a half bath?

He will need to be around 100k and can get in Lee Harvard area, 

@Ruby Lee ask your lender to quote both options, so you can compare them, the rates might be different and the mortgage insurance will likely be different, also consider the upfront costs of each.