These are professionals with additional training and a stricter code of ethics.

Secondly, short-term rentals provide flexibility for owners, allowing them to potentially use the property themselves when not rented out.

So lots going on.Happy to provide more details or thoughts, but this post is already getting kind of long.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Look for professionals who understand the unique needs of real estate investors.

The bars and coffee shops is a good visual indication to show where the young professionals and college graduates are flocking too which usually equates to a higher price tag area on the rise.

More important than identifying target areas is establishing relationship with a local investor-friendly professional who has personal experience in investing in Cleveland.

> Many, basically get taken advantage of by those in the industry that have an incentive to keep newbies blind to new realties, just to keep their good times rolling.If someone poses an inquiry on this forum, I provide my honest opinion (which it typically that the investment is unlikely to provide a return that justifies the effort & risk).  

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

With 8' ceilings you should not have to dig out the basement, and with an RT4 zoning, provide all other issues (egress, etc.) are met, you should not get much (if any) resistance to adding that unit.