PropertyThe building has three 2/1 units leased at $1,146 (Rent & storage/garage) a month.

Hey all,I'm a 29-year IT professional who is looking to buy his first Real Estate investment property around Cincinnati, Ohio. Currently, I live in West Chester, Ohio. If you're local to the area, let's connect!

Between dealing with people moving in and out during the summer and sending notices to people in reference to rent that’s due I would say peak season is coming up now for property management companies.

There is a the way of taking it from non to repaying again and seasoning it for 6 months and resell it.You could always do a Deed in Lieu of Foreclosure and get the house back and then run either an REO play or Seller Financed route.  

I'm seeing a ton of investors (even somewhat seasoned ones) overpay by a lot, for rentals that aren't going to produce what they think they're going to produce and the fact that those rentals also need a lot of CapEx.

Lining up the bank refinance for the exit is getting tricky, with % dropping from the 80% we all want and seasoning/stability/reserve requirements increasing.

Another thing to be mindful of is the take out lender's seasoning requirements.

We have a high end market that's primarily seasonal in terms of rentals on the eastern side of the county including the beaches (ie Rehoboth, Lewes, Bethany). 

I'm not experienced with this, but have one simple goal - to do a cash-out refi on four properties (three MFR, one SFR) to recover my personal funds used to improve them, all of which I have owned for 5-ish years (no seasoning issues).Debt to income is great, credit is exceptional... there are none of those issues.Thanks in advance for your feedback!

@Andrew, no matter the season or situation- buy for the right price.