Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

Because Youngstown is a city on the decline, the more rural the area, the more likely it will be to hold its value and vice versa, making a good deal of the neighborhoods within the city limits too risky to invest in, but it does offer a few diamonds in the rough that are undervalued due to the overall stigma surrounding the city. 

Unless you have something explicit in writing that they permit you to move forward, I'd hold off.Consult with counsel.

I want to add that this rental business is for vacation rentals/short-term, rather than long term rentals.

Investment Info:Condo buy & hold investment in New Smyrna Beach.

We didn't expect the fact that insurance should cover short term rentals but raises a red flag for lending during the 30-60 day period after closing where they make sure you're not using the home as a rental.

My goal is to buy the house, terminate the section 8 lease as soon as possible (at the lease term, to avoid eviction process), and search myself for other better tenants.