I was told that it could take 6+ months to get a rental permit from the city as well which worries me and makes me think I should apply once I hold title after the sale.

Insist that they show proof of need from their regular doctor.

@Thomas Yourkiewicz - There is a great deal of information on BP about Toledo to help you understand its national appeal vs other cities, price, cash flow, and ease of entry are a few.My biggest lesson learned in Real Estate in general is - whatever your niche, you will do just fine provided you specialize, create an offering that meets a need in the market, and stay the course when you have hurdles.This holds true if you specialize offering housing to professionals who need high-end temporary housing while assigned to long term projects...medical facility rentals with nursing staff provided...and for every aspect of servicing the investing community (hard money, note buying, appraisals, etc) which gets you out of the landlord role altogether.One sure way to fail is to constantly shift your focus and jump between cities, neighborhoods, or investments. 

I have been using Ally Bank for years to hold my cash reserves.

I’ve never heard of anyone bothering to put a 2 stage system in a mobile home, I bet 90% of regular homes don’t have 2 stage. 

Only nine properties traded in 23Q3 for more than $5 million.Going forward, the transfer tax could continue to suppress transaction activity, as buyers, especially developers and value-add buyers, who typically hold properties for shorter periods, need to incorporate this cost into their underwriting.

By the time you find a piece you like, get a hold of the seller, negotiate price and pickup time, go see it, decide you don't want it, start looking again...it's just too time-consuming for us. 

Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.

Investment Info:Single-family residence buy & hold investment.

I do a little bit of everything, flip homes, hold rentals, and have a few air BnB's.