But ultimately, with the property now stabilized, we feel like we should see solid rent and price appreciation over the next 3-5 years.

Ultimately, it’s about aligning your goals with the right strategy.Makes sense.

I’d like to buy the place, renovate it, and then live in it for a few years as my primary while renting out the 2/1, and then ultimately selling or renting out the main house too. wondering what the best purchase strategy would be considering I don’t have the full purchase price in cash on hand?

Ultimately it boils down to how much value one is bringing in my opinion

Rebranding properties with poor reputations can also be a valuable strategy to attract new tenants.By implementing these strategies, you can lower expenses, increase efficiency, and ultimately boost your property's income.

Give The Ultimate Guide to Grading Cleveland Neighborhoods a read to see what's what.

Start with BiggerPockets Ultimate Beginners Guide (free).

Before investing here I suggest you read The Ultimate Guide to Grading Cleveland Neighborhoods to get yourself an understanding on the market.

For more info on Cleveland you'll want to read The Ultimate Guide to Grading Cleveland Neighborhoods.

The best acting, best jobs, best food, famous landmarks, best museums, best park, best comedy, etc are all arguably located there.It allows the ultimate lifestyle for those who can generate the income, the ultimate opportunities, and the ultimate optionality.