Does Goodin Development have offices or assets located anywhere else in Indiana other than where you live?

From google: “The Fair Housing Act (FHA) does not apply to certain types of rentals, including: Owner-occupied buildings: If the building has four or fewer units and is owned by the person who lives there Single-family homes: If the owner rents or sells the home without using a real estate agent, and they own no more than three homes Religious organizations: If the property is only available to members of the organization's religion Private clubs: If the property is only available to members of the club Senior housing: If the property is designated for people who are at least 55 years old Even if a property is exempt from the FHA, it must still comply with the law's ban on discriminatory statements, notices, or advertising.

I lived in a college town and student rentals did very well as did STRs for parents coming in to visit their children.  

As a person who has lived most of my life in metro Detroit, all I will say is be very, very careful. 

I currently live in San Jose, CA. 

I know in your city of Denver you can't host unless you live on the property but of course there are ways around that. 

It allows you to live in a home that meets your needs while offsetting mortgage expenses.

.: Quote from @Greg Scott: I rarely invest where I would want to live.  

I’d like to buy the place, renovate it, and then live in it for a few years as my primary while renting out the 2/1, and then ultimately selling or renting out the main house too. wondering what the best purchase strategy would be considering I don’t have the full purchase price in cash on hand?

Buy, even if you don't plan on staying in that 1st house in Cleveland permanently you can just use an FHA loan live there for a year and turn it into a rental afterwards.