Looking for a loan because I am wholesaling a deal that has a sizable assignment fee.

The appreciation rate in Columbus has been 8% higher than the national average over the last year.

ITs going to depend on a lot of factors but just jumping into STR "around the country" (i.e. potentially very far from yourself) is going to be challenging - property management fees are going to eat up a lot and its hard to cash flow as it is with current rates/prices.Most people would start with LTRs as its generally good for the "first investment" to be more of a learning experience and chalking up a lot of mistakes - so keeping $ amounts low, leverage conservative and the investment as "vanilla" as possible is generally good advice

The losses were suspended in the past due to W2 income and they are now self-employed, meaning their income tax rate is likely to be lower, if that makes a difference in the answer.

My goal would be to make a higher return in the next 5-7 years, lock in current market prices, avoid some selling fees, and free up more cash right now for an opportunity that I have an eye on that looks more profitable.

The main draw was the elimination of the ACH fees that tenants pay and FastPay rent payments.

With the STR strategy you potentially go with the 10% down second home occupancy loan that comes with a lower interest rate

Cons: - I think property tax rates are kind of high.

I will never ever again rent to section 8, not if landlord has to eat cost for eviction, legal fees and damages; not fair!

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.