In late 2019, the economy was slowing, and inflation was at bay, so the Fed began cutting at a similar pace to what the market is expecting in late 2024.

However, I had to pay a premium for the exchange property because the market was so hot at the time.

We put it on the market at the beginning of summer and had one offer but it fell through. 

I believe you’re intentionally misleading us so as to avoid competition and have the market to yourself.  

Purchase price: $490,000 Cash invested: $150,000 Property generates $4,050 a month income, rents are below market.

Rent: Focus on long-term rentals to generate steady cash flow, with an eye on market conditions for any short-term rental opportunities.4.

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

In that sense STR investors can make markets more efficient by picking up housing units that most typical buyers look over. 

In general, we have found that PMs in cleveland are very expensive when compared to other markets we are in.

The market has turned and they are holding junk real estate.Who suffers?