Thanks for the local input, this aligns with what we are seeing.

We are looking to invest in multi family properties in Dayton, Toledo, Cleveland or Columbus Ohio.

There are far too many regulations, the transaction is a much longer process, and we are talking about someone's biggest purchase.

We are eventually going to have to address this.

In the meantime we are talking to the property manager to find other STR's in the area so we can support a fair market STR rent. 

We are only allowed to screen non-tenant applicants for criminal and rental history, nothing financially related. 

First off, the deals we are using the LOC for are solid, profitable deals even in the worst of circumstances.

My business is built around doing deals for out of state investors and my mind is BLOWN by how many flat out refuse to come visit, meet our staff or walk the property that they bought and we are rehabbing for them.

We are a General Partner in this Syndication.

This is based on friday, the stock/ DJIA was down 700 points+ since we can asssume this will continue to just new listings in real estate etc, we are doomed so who cares.....