As for my comment on being dangerous - one of my mentors had a vacation rental (pre-Airbnb) in Costa Rica and was mugged while traveling to the house at knifepoint. 

Prices might definitely correct themselves over time across the country, but I don't see any projections of them going down 30-40% anytime soon and all the projections I've seen, prices are going up.But with rents being so high, and prices still relatively low, compared to a lot of other markets in the country, my experience in this market doesn't lead me at all to believe the bottom will fall out anytime soon.If you've been in Northeast Ohio over the last 5 years you can see for yourself how much they've built up the downtown and University Circle area and literally have poured billions of dollars into it's medical infrastructure, which is one of the best in the world, creating thousands of high paying jobs and people willing to pay high rental prices.But I do agree with Nathan that it's all about having the right team and property management to be successful in this market. 

It did not help that we had a period (2010-2016 ish) that was just cash-flow and BRRRR heaven and a lot of young investors actually succeded building a cash flow portfolio out of nothing and then quit their W2, traveled the world and YouTube about it, which became an expectation for a lot of noobs until today.

I like long walks on the beach, fine dining and travel....woops!

Don't let tenants scare you into paying them for being adults and dealing with adult situations.I have tenants tell me all the time that their rent is late because they couldn't afford medication.

My husband and I are planning on putting one the rooms in our house on airbnb, either as a short term or medium term rental for travel Healthcare workers and such.

This works best when the seller doesn't really use this account for traveling purposes or have other listings on it. 

Tim CroftHow far do you travel?

@Justin Chan, You might be eligible for a partial tax free exclusion if you had to move out of the house for medical or job related reasons. 

One of the strategies being deployed in East Garfield is to provide fully furnished rooms with internet and washer/dryers and rent by the room to graduate and medical students as the area is not that far from the Medical district.