I've got a proper manager as I'm out of state, but as I've got only this property, I have no other reference point.

Purchase price: $161,000 Renovating now What made you interested in investing in this type of deal?

This normally would not be an issue but the cost of the water/sewer is extremely high in this area and specifically because the meter is a one inch, the costs are much higher than a normal 3/4 inch on a non-duplex. 

Noise complaints are very common in MFH so you're not alone in this.  

But we use this strategy to create more available funds for future purchases and to help build a good long term rental portfolio.

If he were to submit this, I'm fairly certain it would pass regardless of the consequences of doing so like for example much much higher sales tax in the 13-15% region.  

Many of the STR "masters" here on BP state the only spend a few hours a week.Of course, this is once they've put in all the initial work decorating the place and setting up the advertising and software needed.Now about doing STR in Cleveland...:)

This is what renters insurance is for.

For markets that are "cheap" and provide cash flow on day one, there is a reason for this.

I purchased flood insurance on a Zone A property in July this past year on a house that had previously flooded.