I originally purchased this house to be nearby my grandmother in her last few years but realized quickly that it was a prime area for short term rentals as there are no zoning rules or permits necessary etc.

For instance, markets with low property values and expenses are often ideal for cash-flowing long-term rentals, especially in areas where many residents are unable to purchase homes.

Hey Cooper,Kingsway West and Academy can be dangerous areas... the Delmar divide is a general rule of thumb, north of Delmar is rundown while south of the street is a lot nicer.

Temporary buydowns are a better option than a permanent one with today's market, but you are better of using those funds to cover as much of your true costs as possible.

I live in eastern Iowa, and will be primarily focused on the Iowa City/Coralville, Quad Cities, and Muscatine areas.

Many of the tenants I’ve had are ones moving to the area from out of state.

You should, get quotes from local Roofers there, that have longevity in the area but that you do NOT hear on the radio, see on TV, etc!

In the meantime I read every book I could find on commercial real estate; attended every commercial real estate meeting in the Houston area, and spoke to numerous commercial brokers.

First Republic - CAFremont Bank- up to 60% CAFrost Bank - TXFulton Bank, PA, NJGFA Federal Credit Union 10 yr draw, 10 yr repay, MA, NHGolden1 California HELOCGranite State CU, NH 90-100%Great Lakes Credit Union, Chicago area ILGTE Financial, Tampa, Sarasota area FL w 2 yrs tax history on propertyHanscom FCU, TXHarborOne, RI
HSBC 70%, for premier clients only.

I am in the similar boat and planning to expand to other areas to scale up.