The borrower had short term bridge debt on each of the properties that was maturing in 2024. 

The reason for my question is because in our case, we bought our primary home and lived in it for 3 years before converting it to a vacation rental, which we have been renting short term for 7 years. 

Long-term rentals provide an attractive combination of cash flow and appreciation if you can purchase them at the right price.

If you are short on funds, consider a HELOC on it so that you avoid changing your current rate.

.- Investor-Friendly Climate: Columbus has relatively manageable regulations and property taxes, making it attractive for real estate investors.While investing out of state does come with its challenges, such as property management from afar, partnering with a local property management company can help ease these concerns.

Or put more money in and perhaps throw good money in after bad.Neither option is attractive but delay only compounds the problem.No one is going to rescue you on this deal.

If you invest here or are looking to invest here let me know what you think of my short, quick, analysis of this area.

We do not do any short term, that might make a difference.

The price is attractive at about 3.6 plus 80ct for the underlayment. 

Initially, we thought a month-to-month lease was to our disadvantage (the landlord) because of the potential overhead of them leaving after only a short period of time and us having to re-fill the room.