HOA can be too restrictive and can change the ruled on you and add even more fees.I would steer clear of HOA properties.

@Byram Heights I don't know your market but looking at your listing, I will provide some generic comments. 

As title above. Is anyone in the Cleveland area finding success with ADU on property?

Let's inspire and motivate each other to reach new heights.

Perhaps a family member, who owns real estate can partner with you to get around the first time buyer restrictions with DSCR lenders.

Common locations for supply lines to fail are where male threaded galvanized pipe is threaded into brass or copper valve and fitting bodies  (due to galvanic corrosion)  and hot water lines will rust up so badly as to start restricting water flow or begin leaking a decade or two before the cold side fails similarly.   

I'm open to STR (lots of restrictions with these in NOLA) and MTR's but have no experience with either. 

Open to loans but only if we net 10k a month after mortgage payments With 2 million dollars you could solely fund one of our ground up development deals at 15% down on a 50,000 sq ft building which we put about 70 units in on non recourse debt for land we already have locked up and entitled. don't buy and hold, don't listen to any of the 20 agents from columbus here who try to sell deals that are garbage. if buy and hold was the answer you'd see massive capital pools in columbus buying deals up. that was the model in 2014. all of the value creation is from ground up development partnerships. we can build with land cost below 65% of finished asset value on lease up and you can have no risk into the deal. the deal I'm talking about is a 12 story deal that we are working on. in columbus you can get downtown land for $400k that is about 0.22 acres right now with unlimited height and unlimited floor area ratios and build massive equity from joint partnerships.

As of now Costa-Hawkins prohibits rent controls between tenants (is that restriction ends as tenant leaves) in California.

I would happily give limited and restricted access to renters and not bother.