I found this deal while looking at the deal next door which was a larger piece of land.

Quote from @Brian Christinakis: Let's not forget the liability piece that STR insurance provides in MUCH higher liability limits for incidents ON your property but also incidents off your property while your guests are staying there (like using a bike).

My number one piece of advice is finding a group that you can attend online or in person to keep you motivated and accountable to your goals. 

Everything on my side was set to close, and then today the seller is refusing to close on Monday as they have not moved a few pieces of furniture they were supposed to get movers for.

You could get started picking up various pieces while it closes.

I ask for a piece of advice.

My focus leans more toward equity appreciation than cash flow, and as a rookie investor, I’m aiming to put aside about $25-30k for investments each year.In the meantime, I’m looking to connect with like-minded folks here for mentorship, partnerships, apprenticeships, and even collaborations.Would love to hear your thoughts, advice, or anything you think might help as I continue piecing everything together!

To answer your question, that’s one of the biggest pieces to buying OOS: understanding the market you’re investing in and finding solid deals, not just ones that look good on paper.We have found what works and repeat it as much as funds allow.

There is more beyond merely setting it up though involving the operating agreement, separate accounts and books and no co-mingling and many people don't keep that piece maintained too well. 

Also, Cleveland is predicted to be one of the top 10 hottest markets in 2024 according to Zillow.