Looking for a LTR in Toledo Ohio that will positive cash flow using conventional

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Looking for a LTR in Toledo Ohio that will positive cash flow using conventional

Kenny GendreauPro Member
Member since 2026 · 21 posts · 17 votes

Hey BiggerPockets community,

I’m actively searching for my first long-term rental investment property and looking to connect with serious agents and investors who are working with real, current deals.

I’m confident analyzing deals, underwriting, and pulling comps. I’m specifically looking for a property that is cash-flow positive from day one. My baseline assumption is a ~20% down conventional loan, but I’m open to putting more down and/or paying points if it strengthens cash flow and deal quality.

Important note on analysis:

I’m not interested in hypothetical or pro-forma-based scenarios. For example, “it’s renting at $1,100 now but could rent for $1,300” is not a fit. I’m looking for real-time analysis based on current rents, in-place leases, or well-supported, defensible comps — not best-case assumptions.

To help make the transaction smoother, if you’ve already used BiggerPockets tools/resources to analyze the deal and pulled comps, that’s a plus and will save time on the front end. I will independently verify all numbers.

What I’m targeting:

• Turnkey or very light value-add properties

• Single-family homes or duplexes

• MLS or off-market opportunities are both fine

• Cash flow positive using conservative assumptions

• Strong, stable rental demand

I’m especially interested in working with agents who are actively walking properties and can provide honest insight into required repairs or renovations, if any. My preference, however, is for true turnkey properties.

I’m intentionally avoiding neighborhoods with high tenant turnover, frequent tenant issues, or instability. My focus is long-term, low-maintenance holds.

Please note: I am not currently looking for property management services or loan officers — I’m strictly focused on identifying the right property at this time.

If you’re an agent or investor with a property that fits this buy box, feel free to comment or DM me.

Looking forward to connecting.

— Kenny

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Michael SmytheBusiness Member
Real Estate Agent · Metro Detroit · Member since 2023 · 4k+ posts · 3k+ votes
8mo
Logical Property Management4.9464 Reviews
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  • Alfath AhmedBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2022 · 1k+ posts · 1k+ votes
    8mo
    Quote from @Kenny Gendreau:

    Hey BiggerPockets community,

    I’m actively searching for my first long-term rental investment property and looking to connect with serious agents and investors who are working with real, current deals.

    I’m confident analyzing deals, underwriting, and pulling comps. I’m specifically looking for a property that is cash-flow positive from day one. My baseline assumption is a ~20% down conventional loan, but I’m open to putting more down and/or paying points if it strengthens cash flow and deal quality.

    Important note on analysis:

    I’m not interested in hypothetical or pro-forma-based scenarios. For example, “it’s renting at $1,100 now but could rent for $1,300” is not a fit. I’m looking for real-time analysis based on current rents, in-place leases, or well-supported, defensible comps — not best-case assumptions.

    To help make the transaction smoother, if you’ve already used BiggerPockets tools/resources to analyze the deal and pulled comps, that’s a plus and will save time on the front end. I will independently verify all numbers.

    What I’m targeting:

    • Turnkey or very light value-add properties

    • Single-family homes or duplexes

    • MLS or off-market opportunities are both fine

    • Cash flow positive using conservative assumptions

    • Strong, stable rental demand

    I’m especially interested in working with agents who are actively walking properties and can provide honest insight into required repairs or renovations, if any. My preference, however, is for true turnkey properties.

    I’m intentionally avoiding neighborhoods with high tenant turnover, frequent tenant issues, or instability. My focus is long-term, low-maintenance holds.

    Please note: I am not currently looking for property management services or loan officers — I’m strictly focused on identifying the right property at this time.

    If you’re an agent or investor with a property that fits this buy box, feel free to comment or DM me.

    Looking forward to connecting.

    — Kenny


     What is making you look into toledo? I would look inside of a major city since it has populations growth, job growth, and usually better for long-term appreciation. I personally own 28 rental units here in colombus and bought it using the brrrr strategey. I also house-hacked here as well. 

    Happy to hop on a call to discuss how i can help. I do have some resources that you can look at like neighborhood maps, contractor sheet, and off-market deals. Let me know.

  • Arman AhmedPro Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2024 · 2k+ posts · 967 votes
    8mo

    @Kenny Gendreau

    In today’s Midwest conditions, the deals that actually work tend to be clean single-family homes or duplexes in stable rental pockets where pricing still supports conventional financing, realistic expenses, and modest but reliable returns without needing aggressive rent assumptions. The biggest separator I’m seeing is accurate local insight on condition, tenant profile, and true operating costs before you ever go under contract. Happy to compare notes on what’s genuinely penciling right now and share a few recent examples of conservative buy-and-hold deals that met those standards.

  • Michael SmytheBusiness Member
    Real Estate Agent · Metro Detroit · Member since 2023 · 4k+ posts · 3k+ votes
    8mo
    Logical Property Management4.9464 Reviews
  • Mayo GilfurtPro Member
    Real Estate Consultant · Connecticut Ct · Member since 2026 · 146 posts · 33 votes
    8mo

    Sounds like you’re approaching this the right way — especially being clear on cash flow from day one rather than relying on appreciation.

    With conventional financing, the deals that actually work tend to be very sensitive to purchase price and operating assumptions, so staying disciplined on entry matters more than finding “perfect” inventory.

    Curious what rent-to-price range you’re underwriting for Toledo right now.

  • Gordon CuffePro Member
    Investor · Roseville, CA · Member since 2009 · 1k+ posts · 587 votes
    8mo

    @Kenny Gendreau I look for fixer upper houses in the Toledo area, If a owner has a turnkey house that they want to sell, I can send it your way. I am a cash buyer at https://www.webuyhousesintoledo.com/

  • Kenny GendreauPro Member
    OP
    Member since 2026 · 21 posts · 17 votes
    8mo

    @Mayo Gilfurt the taxes going from owner occupied to out of state owner is what's killing a lot of deals. Shifting my focus to other markets. Detroit's uncapped taxes ruined many deals also SMH

  • Mayo GilfurtPro Member
    Real Estate Consultant · Connecticut Ct · Member since 2026 · 146 posts · 33 votes
    8mo

    100% agree. That owner-occupied → non-owner tax reset is a silent deal killer in a lot of Midwest markets. We’re seeing underwriting break the moment reassessed taxes hit T-12s. Curious—are you shifting toward capped-tax states or just markets with more predictable reassessment timelines?

  • Kenny GendreauPro Member
    OP
    Member since 2026 · 21 posts · 17 votes
    8mo

    I'm open to both strategies; capped taxes are ideal for long-term holds, but predictable reassessments can work if I can negotiate terms to soften the blow. Even though some deals still pencil out despite massive reassessments, I’m skeptical about how they’ll perform as the broader market shifts. Part of me is leaning toward focusing on value-add projects and keeping things moving.

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