You can buy out the PPP, but that would result in a higher rate and/or points.You will not find both terms AND rate in the same loan program.

Quote from @Hiyun Park: I'm interested in researching Cleveland market for long term investment and potentially Section 8 rentals as an OOS investor. 

Should I use a DSCR loan for this or pursue a local bank for long term financing?

Hi all,I invest in, and manage, single family long term rentals.  

The lease is a standard California agreement that allows for a month-to-month arrangement after the initial term ends.Here’s the situation: the tenant has expressed interest in extending their stay only through the end of October, rather than signing a new 12-month lease.

For the past 10 years or more I have been netting 20-30K per month after all expenses on 2 short term rentals in La Quinta. 

As for Iowa City, it’s a good market to invest in but, you said you may only be there for a short time.

A great way to get a feel for start-up costs is to get the paid version of ChatGPT, use the deep search feature, and try a prompt such as "How much does it cost to furnish a 2-bedroom 1-bathroom home for short-term rentals in Minneapolis, MN?"

This home is now an "approved short sale", which means the owner owes more than it is worth, and the bank is willing to allow them to sell it "short" (below what the loan is), and eat the rest. 

Working with a licensed broker in Phoenix to source properties for a long-term, institutional SFR buyer, I welcome the opportunity to mentor and build with a like-minded professional.