You will live there for a year, hopefully get some equity so that when you refinance into a conventional, you can cash out, but in this market that is pretty unlikely.

From using the Airbtics app it seems there are a decent amount of STR's in the Jacksonville urban core, where houses are pretty affordable, and that these have good occupancy rates. 

We do some pretty conservative numbers (probably because we are new) so if the numbers work, we will pursue it.

The letters are pretty vague and when you look on the EPA website they talk about a 10-year initiative.

Hey @Carolina S.Thanks for bringing up such a nuanced situation.. these kinds of decisions can get pretty overwhelming with all the moving parts.

Which is a bummer since it gives me so little time from posting to sale date, but I do know banks are pretty flexible here with the sale date and are willing to push the closing date back if there is a contract in place to purchase the property.

I do some pretty crazy things (by other's opinions), all carefully calculated risks by the way, but I can't imagine what you've been through.

The market would have to go up a bit more to sell them.I sold one out of the area Property recently and pretty well broke even, but I got my down payment back, so no hoarder there.

You can definitely find multifamily options under $150k in Cleveland, but when it comes to Columbus and Cincinnati, that price point is pretty much a no-go.

Be careful it does not go into default : mature as the fees pretty much typically double