You can do it for sure, but it's not going to be anything like managing your one property.And you've chosen probably the most difficult market in the country to do this in.Yes 25% was WAY high in this market.

In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices.

You will need to pay income tax in the US and your home country based on any profit you make.

This country was built with self employeed people.

The laws and rules that govern will change from state to state, state to federal, country to country.

This should not be crossing into the below legal standards.  

In fact a 1940s ranch isn't even "old" in many parts of the country.

I can, for roughly the same price go to beaches, major cities, other countries, etc.I also think that, generally, STRs are not like a one off way to build wealth.

Fingers crossed. 

We have not seen the property value decreases so far that some other areas of the country have experienced.