I am new to the Cleveland area too!

New potential tenant put 09/01/2024 to 08/24/2025 for the asked lease dates. is it normal to have it shortened by a week for the last month?

Hello @Shelby,Turnkey is always a great option for new and seasoned investors as it requires minimal time and effort, as they come fully renovated and often with residents in place.

@Ashley MartinI know coming from a Realtor, this sounds like you need a good Realtor on your side! 

The best part is that the debt will be reported to the credit reporting agencies and it will stay on the tenant's credit report for up to seven years.

Welcome to the BP group. 

Without knowing the specific area, etc, a 7% cap rate on NNN is likely somewhere on the higher end of the risk spectrum compared to the 5% that a Starbucks might command.

Or for investment purpose were investors simply balk if the numbers dont work..

This is particularly beneficial in popular tourist areas where demand for short-term lodging is high.Flexibility: Owners can choose when to rent their property, allowing them to use it personally during off-peak times.Support for Local Tourism: STRs provide a unique lodging option for tourists, helping to boost the local economy by attracting visitors who may prefer a home-like stay over traditional hotels.Diversification for Investors: STRs provide real estate investors with an additional income stream, especially if they own properties in tourist-heavy areas.Cons:Strict Regulations and Higher Fees: San Antonio recently updated its STR regulations.

I have some funds of my own, but not enough to cover the steep down payment.