How are values changing compared to the rest of the local market? 

A local couple who’se combined income is 300K and who sponsored the family’s immigration to US is willing to be co-signers for the family of 5.I am thinking that Party2 will put more miles on the house and may be harder to deal with in case of any complaints or eviction, though I am not an experienced landlord so I am not sure what are the factors to evaluate or what all can go wrong?

I'm a local real estate broker working in the Cincinnati and Dayton Markets.

When I had my B&Bs we also included local restaurants and attractions in the packet of information which you might want for a STR.

@Hiren Patani Ask a local eviction attorney in your area for a referral!

I agree local banks and credit unions will be better if you're planning on growing your portfolio. 

If you’re open to short term rentals, there are lots of places across the state that can really work.I’m a local investor-friendly realtor and work with both long-term and short-term rental clients.

While finding a local CPA is important, consider the option of working with remote professionals who specialize in real estate and small business taxes.

I write and call my local and state political representatives weekly about this.

If you’re looking to invest in your backyard, it helps to network with as many locals in the industry as you can.