Id be happy to break-even with the rental income if I get all of my invested capital back.

Other risks, the contractor walking off the job, a storm hitting and delaying the project for weeks, someone breaking into the home and stealing stuff (which happened just the other day to a client of mine), a squatter, or drunk driver driving into the house (happened a lot at my old job as a firefighter lol).

I can see the OP giving this a shot.. but it is risky he could end up making a few bucks and getting experience might just break even or he could take a loss.. that margin is very thin in markets that are not selling as soon as you get CO  thats been one reason we have been profitable very few homes have been carried past CO so financing cost are at a minimum.. you hold a spec home 6 months past Co and every month your losing money you will not recover.

@Lina TruongStarting with mid-term rentals (MTRs) can feel daunting, but breaking it into steps makes it manageable.

--reach out and thank them upon getting the booking and ask if they have any questions--send a "Welcome" email or automated message during the week prior to arrival--reach out the day after arrival to ask how everything was the first night and ask if there is anything that the property needs--reach out at the end of the stay (that morning or within 24 hours) and ask how everything was, anything to improve, anything to add to the house and then offer an incentive for returning guests.My 2 cents,Mike Absolutely stay in your place as Mike said.You will see things the cleaners will never let you know about.We stayed in our PF will putting up the Christmas decorations and found a cracked plastic shelf in the fridge. 

This step is crucial and can make or break the success of your investment.How did you narrow down your search to Akron and Cleveland?

You'd ultimately break even just to keep the lights on. 

Possibly break loan covenants and can't cure default, lender takes back property.  

It's coming up on Christmas and people are busy.

And even (no “especially”) someone who has done so much for so many (that awesome free or cheap education, those fees so cheap at Quest that he evidently sold for nada and, as to most of the 401k’s, no one wanted them even for free) perhaps deserves a freaking break.