By doing this we qualified for a larger mortgage because we could use the rent from the other tenant to qualify and there are better lending programs when it’s “owner occupied”.  

Hey proper used to be a good option years ago when not as many insurance agencies were doing STR but not many have caught up. 

@P from prior topic, use this to understand the capacity in your market and your best options. 

So could start with some community banks in Cleveland since you are local.Residential loans for the most part are serviced by Fannie Freddy but commercial loans can be much more diverse with their products so having a few options has always helped me a ton. 

If Tenant is late in the payment of any installment of Rent or Additional Rent, orin violation of any other covenants or agreements set forth in the Lease (a “Default”) and the Defaultremains uncorrected for a period of _____ days, then Landlord may, at Landlord’s option, undertake any

With the purchase option Bob has total control doesn't he. 

I Hope with this new perspective perhaps some new options have opened up for you! 

If they Counter, you have the same 3 options to respond. 

Since you want to aggressively invest in the near future, you will need cash and the 30 year option is the right one for you.

.- Cant do blanket loan as I own one of the houses in one llc and the other in another llc.Thank you for your help and I hope someone will have good options!