After quitting the RE space in 2008 as a burned out landlord with upside down properties, I rejoined the space as a curious vacant land newbie investor in early 2023.

Cleveland and Dayton can be great markets for high cash flow and low purchase prices, but you need to be careful when navigating the neighborhoods so you're not buying in a D/F class area where no property managers will manage and where you'll never see any positive cash flow.

Should I consider: Purchasing rental properties?

I'm brand new to this sort of stuff myself and I'm very interested in small multifamily properties.

Found a property which is Sheriff sale, really promising.

Seriously, it's important.And as mentioned above, the amount of rent you receive on multi-family properties is based on 12 month rental comps.  

In addition to STR'ing the main house, he is building 2 more units (ADUs) on the back side of the property.

I definitely wouldn't sign a purchase agreement before seeing the property.

I have gotten seller financing from this exact set of steps, which may enable you to find a seller-financed property.  

Also, due to increased liability exposure property insurance premiums is adversely impacted causing fewer and fewer building owners to seek out ATM tenants.