AndFor a $250,000 debt/ LIABILITY…. the cash flow is zero… and you’re still put $ 20,000And the Gurus are selling these as a way to make money in 10 years when they appreciate.SOMEBODY BUILD A REAL DEAL BASED ON TODAYS NUMBERS… Use all of the tools available.And build a REAL DEAL THAT SHOWS STRONG CASH FLOW WITH ZERO OUT OF POCKET ( or build what you can)I realize that I jumped in with both feet….

.#3 At this point I would have a good lender or two in your pocket that have run different options for you based on what you qualify for loan wise. 

As you move further in your investing and have many properties, then you can start putting multiple together still based on risk tolerance.

Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

It sounds like you have spoken with an architect but it's not really clear to me what you believe you can build or renovate by right based on the current zoning and existing structure.  

Well, IMO it just can't compare to some other fast moving markets like Texas and Florida for example and should be considered as a strict cashflow play.Columbus, Cincinatti and Cleveland move quicker with higher demand and more infrastructure also IMO.With said, Toledo's growth the last few years has been whopping and as @Ahmed Alswaiti mentioned is predicted to grow even further this year.Not a fan of predictions and I always advise looking at the numbers in the deal TODAY and if they make sense.Any appreciation is just the cherry on top IMO.Still buying sub $100,000 properties that easily exceed the 1% rule here.Not sure of many markets that can take claim to the same.Just negotiating on a 6 unit in Point Place (Toledo folks will know the area well) for $160,000.100% occupied.Needs around $50,000 in rehab or so.Optimize rents to $4,500+ per month and ARV should be $350,000 - $400,000.Get 4-5 of those and pina coladas in the Bahamas 😁Find me another market with such deals and I'll be there hehe

I’ve spoken to other investors in the area and I am aware of the average nightly prices for similar rentals based on the seasons.

Based on my calculations, this would lead to cashflows around $700 per month.I am now looking more into FHA loans and wondering if that would be a better idea since I can only use this on my first property.

@Kyle Falkenstein huge fan of lvp.

We are based on Maui and are looking for SF homes and condos to FF and possibly hold for LTR/MTR.