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

Construction loans are short-term, covering your building costs for up to a year.

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.

Wealth comes from holding real estate long-term.

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. 

Purchase price: $199,000 Cash invested: $40,000 Long term rental What made you interested in investing in this type of deal?

Rates were in the double digits and terms weren't the greatest.

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.  

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.

I had analysis paralysis yes it’s a real thing, even if it’s just an umbrella term for a multitude of factors.