I recently set up an LLC to manage and eventually take ownership of the property as soon as possible but I am assuming my lender will not allow that without refinancing with a higher down payment/interest rate.

CAP rate (how many real actual dollars you put in your pocket every year) and wholesale (value of the property and wholesale value of the trailers). 

Hayden,There's a study on the Federal Reserve website called "The Rate of Return of Everything".

That is a 0.033% success rate.

For long term I have less to manage but at the nightly rate and high occupancy the numbers sound way better.

Depending on what their FMR rate for your area is v. what you'd like to raise her rent to, that could be significant.

Investment Strategy:Buy and HoldInvesting herebecause: Potential to Appreciate in Long Term (10yrs+), want to build NetWorth, Affordable in my budgetYear 1 Evaluation: Gross Monthly Rental Income = $2,042.50 Monthly Cashflow = -$76.05 GRM = 12.79 Cap Rate = 5.12% CoC ROI = -1.11%Hoping that theinterest rates go down so that the monthly cashflow becomes +ve.

The water damage stretches from the header above a sliding balcony door all the way down the drywall on both sides of the sliding door and even to the abutting kitchen’s drop ceiling.

I cannot speak for Cleveland, Columbus or Kansas City as I do not know the rental rates in those markets.

I check the SEC, FINRA, ratings websites for inside information on the principals in the company.