Purchase price: $112,000 Cash invested: $25,000 Mid Term rental How did you find this deal and how did you negotiate it?

Shorter-term holds provide a better vehicle for accomplishing those objectives.

Let me know if you need a recommendation of one.It might be a good idea to invest in a bond short-term ETF and get 3% on your money over the next 6-8 months, a financial advisor would be able to point you in the right direction.

The truth is, those numbers and terms are just not going to work.

Buy and hold for long term gains How did you find this deal and how did you negotiate it?

We wouldn't have to dive too deep and could issue you a preliminary term sheet pretty quickly, so you know what you're possibly looking at. 

I'm glad you are getting into the Cleveland market.I have clients running short term rentals in these areasEast side - University Circle, Shaker Heights, Cleveland HeightsWest side - Ohio City, Tremont, Edgewater, LakewoodHere is a recent article on a bill passed "House committee passes bill to block cities from regulating Airbnbs, other short-term rentals" https://ohiocapitaljournal.com/2022/05/11/house-committee-pa...

Yes you can do a cost segregation and offset your w2 income assuming that the newly constructed home is placed into service as a short term rental and you meet the requirements for participation 

I am currently under contract on a primary residence that is in disrepair.

All of the value would be considered long term capital gains and so I was trying to see if I could instead 1031 exchange the proceeds into an investment property which I’ll eventually move into and sell with the primary residence deduction.