Live off of equity as you sell or live off cashflow.

So they will rent without buying even though buying is available to them but they dont want to live where its affordable.

You'll likely also reduce your cost of living by moving to a stabilized apartment.Depending on the cashflow and debt paydown, you can use this strategy until you've built enough equity to reinvest.On the other hand, getting into a multi-family after refinancing will also help you build substantial equity to rinse and repeat in the coming years.

But this was an awesome opportunity for me because this is my first living situation where I will be on my own (and getting used to paying a rent/mortgage) but this will put my overall mortgage on a 400k house at roughly $2000 a month for the first year!

I live in Ocala and have never heard of this company, but that doesn't mean anything since I prefer to buy already built properties and rehab them. 

@Isaac TerryIn terms of it being worthwhile, just like most other markets out of state if the barrier or entry is too high where you live, the landlord laws are not favorable where you live, and you are looking for positive cashflow then Cleveland can be a good option.

Because if you need to live off the cash flow what you're really looking for is a business. 

Living in top unit and renting out the bottom.

I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

After 25 months, If they can prove that they lived in the property for two of the past five years, they can sell it as an owner-occupied residence.