Liquidity is important if this is money you plan to put to work in the near term. 

There is a distinct difference in the law between short term and long term rentals. 

The combination of generating extra green cash with a biz and then investing in real estate for long term weath is the way to do it.

@Roman Balmakov If you are planning on holding the property long term and have enough reserves to cover even worst case scenarios it could still be worth it. 

I've got a long term tenant lined up & the unit is a non smoking unit, which the applicant is aware & fine with for indoor.

Reason is a Heloc generally carries a higher rate on a shorter term and "Can Never" be used as an "Asset, or for PITI reserves" which are both required when you buy an investment property. 

The platform's main focus is processing mortgage documents in their raw form to extract specific financing terms for all properties in the city.

We have had duplexes with shared water, sewer, and trash billing, as well as shared driveways.The long term tenants act more like owner occupants, planting flowers, etc. and in some cases neighbors think that they are the owners. 

However, this increases your exposure to risk, especially in terms of vacancy, repairs, or market shifts.

@Isaac TerryIn terms of it being worthwhile, just like most other markets out of state if the barrier or entry is too high where you live, the landlord laws are not favorable where you live, and you are looking for positive cashflow then Cleveland can be a good option.