Unlike the federal government, California makes no distinction between short-term and long-term capital gains.

Id recommend looking at the ratings on ohiorem.com/neighborhood-articles/ and it goes through different Cleveland neighborhoods by grade.A - AWESOME AREA: Excellent, shops, malls, great schoolsB - BETTER AREA: Good area, graduate students, young families C - CASHFLOW: Working class, corner stores, some government assistanceD - DANGER: Low income, government assistance, high crimeF - F*CK NO: War zone, a lot of vacant properties, poverty

He just didn't have the courage to own his actions.I wouldn't say the tenants have been taking advantage of the old landlord, and its a dangerous road to think down since it leads to an "us vs. them" mentality.

However, I think it's one of the most dangerous ways to get in.  

This could be a dangerous breed.I would notify them they are in violation of the pet policy.

If it's your first flip and you have low risk tolerant, buying all cash and refinancing sounds like a much smarter option.Leverage is a strong tool but extremely dangerous.

The smaller the community the more likely they are to look to those touristy destinations for precedent, while viewing mass-investment through tactics like arbitrage as a clear and present danger to their quality of life and move to categorically tax or ban all STRs out of existence. 

I always recommend understanding the power of leverage but also the serious financial dangers of overleveraging.

@Diana BorovaThere is a big distinction from a private lender to a hard money loan. 

There is a distinction to be made here: A sellers agent claiming there are multiple offers, and asking for your "best & final", are two different things.