Strict rent control policies mean that investors can't buy a dilapidated property, refurbish it, and drive rents up.

New unit construction cost's are at/near all time record highs in terms of production costs (labor, material, regulations, tax's etc.).

Trump did the same thing.At least, there's some regulation with the high yield debt (regulated by the SEC).

I go with strictly A+ rated vendors/companies and still check reviews online, but I've found that BBB reviews and ratings are a good indicator of how efficient they are.The 'manage the PM' seems to be a tough reality of the PM industry.

The Heights belt I am referencing is strictly the more South/Southeast area (Garfield, Maple, Warrensville Heights)You can definitely find some solid multifamily in the Shaker Heights area.

Hey Fisher,Yes, you can live in your garage and rent out rooms in your house, provided that the garage is properly converted into a habitable living space according to local building codes and regulations.

I am very strict when it comes to smoking. 

Being that I am do not in incorporated Palm Springs, I do not fall under the city's short term rental regulations.

I'd do it as an STR, that way when permits/regulations come in you can be grandfathered in.

Happy to provide some insight on the state of the STR/MTR market here as regulations change drastically from city to city.