@Max Bellino For smaller properties like your 2–4 unit multifamily buildings, an online cost segregation study is a quicker and more cost-effective option, providing sufficient accuracy for straightforward properties.

Financing & Loans: What are the best loan options for short-term rentals?

I think the economy has a number of diverse employment options, lower prices than King County while still being within driving distance.  

Off-market deals give you control over pricing, terms, and creative financing options.

We've done demos with all of the big name PMS options and are finding big gaps with all of them, mostly when it comes to payment processing.

Buy-in is often more conducive than other more saturated markets and there's such a wide variety of options to choose from. 

If everything checks out, they could be a solid option for your first investment deal.

Cleveland almost seems like the best option because of the affordability and rental demand, but worries me due to the high property taxes and lack of population and economic growth.

Have you considered creative financing options like joint ventures or seller financing to reduce reliance on outside capital?

I've been doing some light reading, and it sounds like refinancing that property and using the proceeds to reinvest elsewhere might be a better option.