Quote from @Michael Potorti: What are some strong areas to purchase property in Cleveland area?

But even if the numbers looked good going in and a black swan event happened, it would take a lot to lower the value of the house below your purchase price if you are doing value-add renovations.

I (Dillon Duffy) have been working on a building for a few weeks now and listening to Bigger Pockets podcast and videos on YouTube and trying to self learn how to navigate through this exciting but stressful project.I purchased my current home in May 2021 for 156k.

Stop looking at purchase numbers.

The big thing is the purchase prices are normally low in my area.

I'm looking at purchasing a condo in a ski town/village to use as an STR and am curious what locations others have had success in. 

The market has corrected, and unfortunately, this means that the value of your investment has taken a hit.The main issue is that these properties were purchased at a high basis, meaning you bought when prices were inflated.

Recently purchase a property in Summerville SC , 40 min from Charleston.

I am using a Heloc to fund my real-estate purchases and also to cover the rehab cost. 1.

They typically involve two agreements: a lease agreement that outlines the terms of the lease (rent, responsibilities, etc.) and an option agreement that grants the tenant the right (but not the obligation) to purchase the property within a specified period at a predetermined price.Negotiation Power: Lease options can be attractive to tenants who may want to secure a property for their business while potentially benefiting from any appreciation in property value.