It is therefore extremely important for you to know how to properly evaluate and choose a SAFE 1031 Exchange Qualified Intermediary for your 1031 Exchange transaction.You should always perform a careful and thorough due diligence review before making your final selection.

Most inspectors will know that properties only need to meet whatever the code was when they were built, not current code and they usually explain that properly IME.

With a backup plan, and proper (extensive) legal docs, much of the risk can be mitigated.

STR's, if done right, are viable long term investments meant to cash flow at a reasonable enough level to properly maintain and improve them. 

I'd rather be safe about it and ensure cash flow from day one.

Any advice or direction on how to go about this in Wisconsin would be greatly appreciated.Before you do that, ensure the home will make a good RAL property.

But they don’t know proper thinning and trimming.  

As @Patrick Drury mentioned- the West Side does not have any POS areas (besides Lakewood, but it's only needed for previously non-owner occupied/rental properties) Something else to consider in Cleveland proper is Lead Safe Testing ..

So you can really get an idea for the market and if a property you are looking at is properly priced!

However, with this in mind, contact the closing firm and ask for an escrow fee sheet to ensure that it somewhat aligns with the standard title/escrow fees that other closing attorneys offer.