The bottom line is that if you want to get into STRs, have a good plan, read everything here on the BP forum and ask some good questions.

We are closing on a property in Akron.

With the current market been short on single family homes in our area we have made a strategic decision to pivot back to flipping a few properties. 

I see so many overpaying just because it looks good on paper. 

On a fixed mortgage, i could pay extra payments (or a one time lump sum payment) and apply it towards principal.

Depending on the exact location, age, roof construction type, etc, there definitely could be a few things to watch out forAssuming the roof is of a reasonable age, it's still more than possible to cash flow with these properties, even after accounting for recent increases in insurance rates that we've seen.

I'm not sure Banks are the answer..........up top you will see 'Build your Team' klick on that tab mortgage lenders are there.

@John Clark This could take another year depending on how long the foreclosure process takes around here.

I pride myself on transparency, honesty, hard work, and doing the right things for my tenants to create the best possible experience for them.

I am working on developing the marketing strategy for my new wholesaling business.