A 1031 exchange can be a good option because although there is no cash involved in the deal, you would still recognize a gain based on the fair market value of the properties being received over the basis of the property you're giving up (if it's a gain).

This will help guide you to the best cities based on your expectations.

Your loan amount will be based on the lower of the purchase price and appraised value. 

Running your numbers based off a short term rental or medium term rental rate is going to get you in trouble.

So lets say the property is valued at 200,000 could a brand new LLC borrow 150,000 to 160,000 to purchase an investment property where the rent would be 1400 to 1500/month.Or since I own the LLC is it strictly based on my ability to get financed?

I recommend looking into areas near economic bases - close to Nationwide Children’s Hospital, Ohio State Campus, New Albany, etc.

For my real estate investor friends, we have always underwritten our deals based on the deal cash flowing under current market conditions and not speculating on needing to refinance when rates are lower.

Hi Steve,You could put a second position loan on it - like a HELOAN but this will be based off of income/tax returns.

Hi Inga, You may refinance based on the ARV with a DSCR loan, with no seasoning period. 

With its diverse economic base stabilizing the rental market and a community-centric revitalization in full swing, Toledo stands out as a surprisingly lucrative market for real estate investors looking to maximize their investments.Market Trends and GrowthPrice Growth in 43620Homes with 5+ Bedrooms: In the past year, these properties have shown a substantial increase in median sold prices, rising from $139.9K to $167.4K, a growth of 19.7%.