Since we cannot buy local (cap rate in CA is pretty low), we are exploring different markets. 

I am patient that living off the cash flow would come a few years down the road, as the loan is paid and rents gradually go up and or rates go down.

While there is no strict time requirement for transferring ownership after a 1031 exchange, the IRS does consider the intent behind the transfer.

There will be punishing late fees and probably a default interest rate.

Can't imagine what the current rate is for that but it's a great way to pull out probably a lot of equity.

I have seen some great deal in and around Dayton as well.This year will be a good year as rates start to come back down we took a little hit last week but should start to drop by 2nd quarter.  

When I took the GC test, the pass rate was only 12%...it was technically easier to pass the Bar!

The space is most appropriate for a couple with 1-3 children, 3 single adults, or even a couple with a grandparent or nanny and a kid or 2.From what I'm reading, the law protects families with kids from discrimination, but can I get in trouble for doing the reverse and allowing (and potentially advertising) a higher occupancy rate if people have babies and children than if all occupants are adults? 

Can you please let me know how commercial property mortgages differ for a residential property mortgages and if there would be a substantial difference in rates?

If the STR strategy is the only strategy that makes the property pencil, be sure to purchase in a market where the use is allowed, the use requirements are protected by in place permitting and licensing and the permissions are transferable through a sale.