Obviously, lowering the fee and raising the rate is an option but that feels a little bit like spinning my wheels.At some point, if I'm dropping my rates far enough to compensate for a high cleaning fee, we get into the conversation of "is it even worth it to rent it at this rate and risk property damage, 4 star review, etc".

Apply a cap rate roughly 2 points higher than mobile home parks.

@Andrea Evans I think:Worst Part - Lots of pitfalls you can fall into if you do not know what to look for like buying and property taxes double, suburb rental license, buying a property with violations, not understanding the importance of lease documents, etc...Best Part - There is so many opportunistic corners or niches in the city and suburbs that most out of state people do not know about and out of state investors never get to cause they get caught looking at cap rates on the south side and in south burbs. 

BTW: The 75th percentile rent for market rate apartments with only w/s/t included even in N Collinwood is $1064.

Quote from @Nicole Wang: We are focused on 75-200 units, class B+, with 7% go-in cap rate.

Heather,New headline for your STR: "Awesome place for hearing impaired individuals"That said, IMO every guest would complain, give you low ratings, etc. 

Keep a low "bounce rate" - do not have your friends check out your listing without booking.

Hey Ryan,Most lenders can typically offer up to 80% Loan-to-Value (LTV) with interest rates ranging from 7-8.5%.

I have a legal business in the U.S. that has been open 1.5 years and I'm wondering if anyone has any good recommendations for a personal or business loan that will give me the best rate for this purchase? 

It will be easier to get on a call and discuss because this can be a long conversation