We're exploring both options. 

Long term is definitely an option. 

Lending options will look different depending on your answer.

The Midwest is a great option, it's affordable and tends to offer better rental yields.

I have an attorney at a downtown Cleveland firm and I’m wondering if that’s my option to get the EM back?

This would give you better financing options.

While I continue nurturing those realtor relationships (and patiently waiting for my phone to ring), I'm curious to explore other avenues for sourcing off-market deals.

@Brett Jurgens,With strong equity and a good tenant, you have a few options:Cash-Out Refinance: Offers lower, fixed rates for stable monthly payments and lets you keep the property while using equity to invest in another rental.HELOC: Provides flexible access to cash, though with typically higher, variable rates that can fluctuate over time.1031 Exchange: If you're open to selling, a 1031 exchange could defer taxes and allow you to trade up to a higher-value property or diversify into a different market.Each option has pros, so it really depends on whether you want to hold onto the current property or leverage its value for something new.

Property was sitting on market and needed light updates (roof, flooring, paint) but was in a great area that allows STRs giving me multiple options when deciding on rental strategy How did you find this deal and how did you negotiate it?

A master lease is essentially called a Lease Option here in Canada.Yes, schedule B will over-ride anything previously written.