Serious consequences when dealing with foreclosures, both local and federal. 

If it is your first investment, highly recommend investing locally unless you have people you can trust in those out of state markets. 

Find local meetups, rub elbows with other investors, find out what they need, and then find a way to meet that need.For example, maybe an investor is growing fast and struggling to keep up with inspections.

Your team can stay local.  

Regulations & Compliance: What's the best way to research local STR laws and avoid potential regulatory issues?

I’ve realized I need additional help—someone local, like an assistant.Here’s my idea: I was thinking of purchasing a small piece of property and putting something modest on it, like a single-wide home or a similar small structure.

In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices.

Sec. 8 works well in some markets and it can be a premium and successful for locals who own a bunch of them and run them with an iron fist..

Unfortunately.. locals will still be upset either way.

(Hint - go on VRBO and see what your local competition is charging). 2) How much do you intend to put down?