I will soon be operating a medium-term rental in a small city in Ohio. While there are certainly no vacationers here, there are a good amount of people that use short-term rentals for contract work for 1-3 months. I'm...

For that reason I built a full-functioning cash flow model taking into account hard money, the mortgage refinance and all relevant operating expenses to assess monthly cash flow.

A non conforming unit is technically legal but it doesn’t meet current zoning (but possibly was once a legally functioning unit as a residence).

I guess for me the dividing line is does it damage the function or cause a safety hazard if I leave it on the tenant.  

The brick construction is a plus for durability, but check for any signs of foundation issues, especially if the property has settled over the years.Be sure to budget for updates to key systems—plumbing and electrical upgrades can be pricey but crucial for tenant safety and modern functionality.

City's water dept came to check the building's water meter and it is functional with no faults.

Not at all-Just deliver what he took money for -Plans for an efficient functioning of the building.

Use the lookup function with my name and Spring lake and Journeys End subdivision posts.First step is have your local surveyor survey the property.  

My goals would be to increase monthly cash flow and have more access to the property's equity for things like Cap Ex, etc....Here's a blurb from a lender's website:"By combining banking functionality with home financing into one dynamic instrument, borrowers are able to save tens of thousands of dollars and years off their loan""Designed after popular programs around the world, the All In One First Lien HELOC is the nation’s first transactional offset type-mortgage program.Home financing and banking combined:Deposits lower your loan’s principalFunds remain available for expensesInterest is calculated on the average daily balanceThis lowers the monthly interest paymentsTens of thousands of dollars can be saved over the life of the loanMortgage freedom can be achieved in half the time or less

It also a property management piece built in with lease management functionality and maintenance requests.