Quote from @Karl Kauper: Good morning- Just “boosting” this thread this morning in hopes of more feedback from property owners in the Cleveland area.

A couple questions for the group.How challenging is it to mix STR with MTR in this way?

My calling is to help as many people as I can to achieve at every angle of their lives, so I am passionate and ready to tackle this new venture.

I don't mean to cause offense - this is me just asking a genuine question.

Can anyone help with this? 

Lending money at 9% seems a bit riskier than making 10% ROE on a property you have owned for 5 years and know well at this point.

I wish I would have done this earlier.

We've seen our area MLS which covers about 20 counties come down to an average sold to list price ratio of 95.1% and Knox county specifically has come to 96.4 % which is lower by about 2% from this time last year and down from our peak this year of 98.5%. but it's about in line from winter 2022 into spring 2023 which was a time when rates were rapidly rising.

Next in this environment you may be challenged to get $10k rent on $1.3m property.  

This sounds like a good idea.