Woah 13.85% even on an investment property is super high...I got a heloc at a 7.25% (this is variable with the market as with any HELOC) for an investment property.Talk to your local credit union.

I'll give you a great local example...I go to church with the bank president.

Instead, focus on assembling a few key people who can fill the gaps—such as a trusted agent, contractor, and local property management expert etc.

It takes a lot of phone calls and asking around, but you can normally find a local or regional bank that is willing to work with investors on these types of properties.Mike

We used an excellent local bank that helped us to get everything we needed for the construction loan and we were able to fund the entire project without investors.

Hey Henry,Are you attending the local meetups?

I did attend a local BP meet up for a while.

Yeah there are some cool ideas here, but I do believe she is skirting some local permit laws.

I would rent yourself because; you are local and you know the area well.PM's are great for out of state investors or investors with large portfolios who have very limited time and resourcesUnfortunately, You nailed it on the head with "managing the manager..."

I know that real estate is super specific to the locale, and I'd love to hop on a quick call with someone who has context in the Columbus market.Without digging too much into the details, I'm under contract for a duplex in the Franklinton area.