If you plan to live there in the winters, you might have a hard time doing long term rental outside of that and finding a new tenant every summer.

But I would say to be open to having more than one partner in the deal and to outline an exit strategy so they know how long the money would be tied up for.Good luck to you.

Would you say Cleveland is more of a long-term play with steady and slow growth? 

You also don't need to do a traditional long term strategy, is there a draw the  area that playing host to a traveling nurse or other professional/student would be interested? 

Quote from @John Brown: Quote from @Katie Miller: Are you saying you would long-term rent it from your friend and then run it as a short-term rental? 

It doesn't take long to learn how to spot a good deal.6.

I'm not sure how I can get into real estate while I'm over here because I don't want to start investing in the UK, but the thing is I'll be doing school over here for 3, 4, or 5 years which is a long time to wait to get started.

Your house loans will be long term say 25 years.

I'm from Long Island, NY starting my journey in Real Estate.   

You have to know/think about the consequences downline, long after you "solve" this dilemma.