Evan,Obviously depends on costs but this will be a rental that I plan on holding long term.

Hi Hanna - here is the rough breakdown if you are looking for solid returns on a long term buy and hold investment.The majority of the bread and butter of CLE RE investing is on the west side.

The insurance company counted all of the labors, such as moving stuff in, moving this out, or prep time.

The only reason to buy a home while still in flux is if the long-term plan is for investment only.

I’m a pre-grad student diving into real estate to reach financial freedom.

We have a lot of money tied up in the unit and would like to find a rental unit the we would consider living in at some point with a house hack option/ADU and or a home that has a better long term appreciation potential. 

You are going to loose out on a lot of income by doing this .If your cleaner cannot complete a same day turn - time for a new cleaner You would if you were running a 53 acre ranch in Texas with significant additional logistical requirements and maintenance needs (both expected and unexpected) beyond what an average short term rental requires.  

A HELOC is best used as a short-term debt instrument. 

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

made an offer on a property only to find out later that one of the units was going through an eviction.tried to extend our inspection contingency to no avail to buy us some timeended up not being able to come to terms on how to proceed with sellerthe last HOUR of our inspection contingency the seller offers to try and buy out (cash for keys) the tenant the next day (he had a property manager handling the eviction and wasn't even aware of it initially).i get a (risky) oral agreement that even though the contingency window had passed, if the plan falls through my client will still get their EMD back the next day the seller ends up buying out the tenant for a bit over $3,000 and now we can move forward with the deal without the headache of a problem teanant/ picking up an eviction.