Ultimately though it comes down to what you and your partner want to do.

Start with BiggerPockets Ultimate Beginners Guide (free).

NaseemaWhile you're looking at Cleveland you'll get a lot of value reading The Ultimate Guide to Grading Cleveland Neighborhoods. 

Inventory is now very substantially above the extreme lows seen in recent years, when inventory in the Austin area fell below 1 month (very extreme imbalance between demand and supply) for a sustained period.Kendall Garrison, CEO of Amplify Credit Union, recently said, “The good news is that we are moving toward a more sustainable level of inventory, which will provide price stability for sellers and more choices for buyers.

Think on things like the property's quality, prospective value, and desirability to tenants.Making use of an FHA loan with a small down payment is a wise choice.

The buyer can ultimately use whatever lender they want.Here is what I know on the 5% down investor loan. 

I personally like House-hacking as primary choice in this market, followed by a light rehab BRRR, lastly would be flip or long term hold (unless you got a smoking deal!) 

I’m planning to buy more with them but also exploring other options with a local realtor so I have more choice on properties and locations.  

I was able to negotiate with the seller to meet with the tenant before I bought and I let them have the choice to leave or go and if they stay then sign a lease for $1600 per month.

I think we will eventually get the house and then we can decide what to do.So many choices down along the Oregon coast.