When running numbers, especially on small multis more western markets with direct access to NYC tend to be more favorable from the numbers stand point and many of these towns offer 30 minutes or less taking commuting lines.

The mortgage interest rates are more favorable and so are the terms (no prepayment penalty, as little as 3% down payment for a first time homebuyer, etc). 

Hi Jenna, out of those two cities, I personally favor Cleveland.

Too few investors are actively focused on stabilizing and upgrading their current assets in favor of scaling too quickly.

Additionally, if the market conditions improve, you might have a better opportunity to refinance at a more favorable rate.5.

Within the U.S. if you want to avoid the bureaucratic nightmares that often follow STRs you will probably want to invest in a well established STR market that already has laws favorable to STRs.

So I'm confident I could find a solution, but would probably be forced to walk away if there was no favorable outcome for lease termination for the investor. 

They bought them years ago and now have thought about selling due to market conditions being favorable, or maybe something has come up that is forcing them to sell. 

Once you complete their application process, they will determine you don't fall under their top tier borrower qualifications and propose terms that are far less favorable.

Tools like PropStream, Redfin, or Zillow’s market data can help you identify neighborhoods with high demand and favorable price-to-ARV ratios.