There are concrete sacks leaning against the outside walls in the backyard and the flooring on the vacant side is bubbled up in ripples, with pieces of it coming completely up.

I feel this is one of the best markets to start off in due to the low cost of entry as well as the fact that Toledo is not as susceptible to the bubbles you can encounter on the coasts or other major metro hot spots.

@Nikki Closser not to burst your bubble but I think 6months is best case scenario.

Yup, we are not in a bubble.  

Not afraid to get outside the bubble I grew up in as I quickly realized there’s much better places to live and/or own rental properties. 

G'Day everyone,Today I'd like to talk about a few misconceptions that I see in the market.I've been reading about many investors believing that they are getting a better/safer deal if they are using leverage.They believe this because of the fact that most lenders require an appraisal and a building inspection.So let me explain a few things and burst your bubble lolMany operations like Ohio Cashflow's will usually have a monopoly in the region that they operate in.They tend to be the biggest buyer in town so over time they establish relationships with city inspectors, judges, lenders and "Yes" building inspectors and appraisers.Many will enforce you to go through their "trusted lender".This might be to make the process smoother but it can also be to influence the end result.After 10 years in the business and 1,000+ deals under my belt, trust me when I say that it's not that hard to influence a building inspector or appraiser to "Bat" in your favor.Also, just think about the thousands of comparable sales sold by the same company that can now be used as a comp when conducting an appraisal on the target property.I don't really have a dog in the fight because we loose 90% of business due to our stubborn "No financing" policy.But I just want to point out some things to folks that might not know/understand how the wonderful world of real estate works.We sure do loose a lot of business because of our ways, but to be honest I'm proud of it as our boutique approach has enabled us to have one of the best reputations in the business.Recently a few folks have mentioned that Ohio Cashflow does not allowing building inspections or appraisals.This is not true.Every investor can freely conduct both.We just state that we won't fix all of items that the building reports shows.Why?

The cash flow markets are not like a coastal bubble where the prices move faster than comps can keep up.

I live in WA with a rental I have in GA (thanks to the bubble bursting shortly after we bought it) that I haven't seen in person in over 7 years.

So it's not an actual detail or "how-to" issue, it's a mindset issue, refusing to see or do what WILL make it happen, instead wrapping one-self in cozy pout-fest of "everything sucks, nothing works, why try" and to lash out at anyone who dares pop that bubble of negativity. 

I think we will see the emerging markets bubble and burst (if we aren’t already seeing that), as more and more investors create an oversupply of STRs.I just went under contract on my first STR in Seaside Heights New Jersey.