I'm looking into purchasing a rental property in the Belmont area of Dayton, OH and wanted to get any insight for this market as it seems concerning that the average rent is higher compared to the actual costs of houses in the area.

Then compare that with your normal 30-year fixed.

Ponts can be built into your rate as well so compare notes with more than one lender/bank.   

I use S&S regularly so I get the full 15% off the shipment so the price was $3.49 for me.$69.99 - Nellie's Laundry Soda - https://www.costco.com/nellies-laundry-soda-800-loads.produc...Ok, so you are asking "Mike, why would I buy my great grandma's laundry soda?!"

If they do not qualify because of poor credit or income issues compared to being self employed etc there are differences - but typically people don’t qualify due to poor credit and people will seller finance to these borrowers thinking they woke up at a holiday inn and got a finance degree when in reality they repeat their past mistakesRemember the definition of insanity is doing the same thing over and over again expecting a different result

Quote from @Danae Pitcher: How is everyone seeing the holiday bookings this year as compared to last year?  

It seemed that it was about a $300-400 difference in monthly rent in that market for comparable properties that allowed vs. didn't allow pets. 

Basically if there is no "living room" and there are no comparable properties with similar square footage and bed/bath count in your area the property becomes difficult to comp or sell and lenders will not be able to use it as collateral for a loan Excellent point.

Condos will be your best option when compared to co-ops because only about 15% of co-ops allow subletting.

Comparing what was promised to what was delivered lacks context.