You can definitely find multifamily options under $150k in Cleveland, but when it comes to Columbus and Cincinnati, that price point is pretty much a no-go.

Transitioning to a Second Property with Low Money DownIf a second FHA loan is not an option, here are alternative strategies to minimize your out-of-pocket expenses:Conventional Loan with 5% Down: Once you’ve added equity to your current property, consider refinancing into a conventional loan to free up your FHA eligibility.

Given the high interest and the purchase price isn't low, the cash flow won't be as nice as my other rentals or other options in a different neighborhood. 

I wrote this not too long ago about why I think turnkeys are a great option for newer investors-https://www.biggerpockets.com/renewsblog/turnkeys-...Hopefully that adds some info in for your to consider and anyone else reading this. 

If you sold it, what would you do with the money and how does the return compare to what you get now (factoring in the amount of work/stress with each option)?

You buy the right to collect the remaining amount left on the defaulted mortgage.Once you have the mortgage note you have a few options to move forward.

Killeen is one option.

Hi @Leonard La Rocca III welcome to BPWith a goal to house hack your option will be much better and tremendously more favorable.1. $50k gets you the house but leaves you very little room for value add. 

They provide flexibility and efficiency, especially for experienced investors.How have you found the terms and structure compared to traditional options?

Do plenty of research and find out what other mistakes have been made in your are and learn from them.Both are great options but maybe doing a simple pros/cons list for both STR and LTR.