First, the market conditions in Northeast OH may be influencing those lower projected returns, especially with rising rates and more limited inventory.

@Devakumar Sai Chinthala There are income limitations for passive losses, you should check with your tax professional.What will the property taxes increase to after you buy the property?

Some limit rentals to 1% of the homes, so if you are lucky to get in now and there's a waiting list, you might not be lucky to rent the next time if there is list. 

I don't have a lot of time or bandwidth to invest in a fixer-upper and I would like something with limited work.  

I'm in the process of transitioning out of Cozy due to the limited functionality and my dissatisfaction with the apartments.com merger.  

Consider house hacking with an FHA loan for lower upfront costs or explore creative financing options if capital is limited.

Credit and background checks, minimum 620 score, income verification, and limit the number of people living in the home.Tenant Own Homes is popular as well, you own the land and collect lot rent!

I'm now aware of any "lifetime" limits for FHA loans, but you're required to live in the property for at least 1 year after the loan starts.

They are either speaking out of their limited experience or claiming something is legal or illegal based on personal preferences. 🤓🧐  thanks  Scott:)

A third consideration is that FHA has rules for limiting rentals in developments.