You could essentially find a home with low equity, pay for the closing costs and take-over a 2%-5% loan, saving you hundreds of dollars every month!

50k isn't much to get into short-term rentals in reality because you need a downpayment, closing costs, and then furnishings which are the most important after part that you need.

Cincinnati is a great market in Ohio and has a low cost barrier but Columbus is seeing even more job growth and appreciation.  

I have yet to do a true rehab (flip), but my advice would be to absorb as much information as you can and set up keyword alerts for the "fix & flip" to see others questions and answers as well as look through the deal analysis forum category to see how others analyze deals and estimate rehab costs.

Setting up and maintaining an LLC comes with annual administrative costs, so another thing to consider is your cash flow.

Big amount of square footage in a high cost area. 3/3 made it attractive as a starter house.

Hi all, just curious, what is a reasonable cost for replacing both an exterior door and storm door plus labor?

I personally don't know much about that market but I have worked with a lot of people in Florida that are investing in Detroit.Some newer challenges in Florida are insurance costs going through the roof.

We all have our margins, our exclusive costs and our profit/overhead.

I would say the cost if it does become an issue could be high but that is a call you have to make.