If the new tenants want to move stuff in early, they need to pay rent and you need to talk to the old tenants. 

Hi Aqsa,I'm bias but then again, I've owned real estate all over and haven't found a better market for sub $100,000 than Toledo.Low entry price pointHigh cashflowEmployed tenants that pay rent onlineDecent areas with well kept homesNot much appreciation so IMO it's a strict cashflow play.If you find and buy off-market you can snag some great deals for sub $60,000 purchase and rehab.Quality of workmanship is the downside and so is motivation of other folks needed to make investing from out of state work.So beware.These are the downsides bit like with any market, you will always have pro's and con's.All the best 👍

It’s not as hard as you think and if this Amtrak attracts more people to Scranton, not only will they not want to live in an old run down house but they’ll likely have the money to rent or buy something newer.

Not all lenders can do that, but...for instance...I'm actually a District Manager with Build 2 Rent here in Florida and we have off-market investment properties (both occupied and vacant) that you can purchase with our in-house lenders and interest rates in the low 4's because of the incentives we currently have available. 

Many things a rent-ready rehab doesn't include. 

We have a holding deposit/agreement in place and the lease is already signed and prorated rent paid. 

If rates did drop, that 3 year fixed period means their rate would automatically drop with it, so they wouldn't have to refinance if they didn't want to, but if they did want to (cash out refi made possible by a recession forcing more elderly people into assisted living facilities, thus driving up rents, and the value of assisted living facilities? 

The other side is rented under market value but I’m about to go up on the rent some due to rising costs.

The house currently rents for $1450/month, we have long-term tenants, and we use a management company.

For example, see these threads on what NOT to do.https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1193623-rent-...But, I like that you have a 'home base' in Illinois, that can potentially help you.