I'd underwrite the property, with that low interest rate assumable mortgage, to cash flow positively from day 1 as a long-term rental, but be willing and able to use the rent by the room strategy or to rent out part of the property as a Short Term Rental to dramatically increase cash flow during my occupancy. 

I think it will increase down the road, but right now the town is a bit on the past.

Largely, the appreciation in housing prices is coming from both new migrants and investors coming from the East (GTA) as well as international countries (predominately from the middle east).We are also seeing drastic increases in the rental rates which in turn are pushing investment property prices up as well.

When you save up enough capital, slowly increase your portfolio.

With some changes to the management structure and leadership, I believe we can significantly increase the revenue potential while providing a positive impact.

However, on the renting side, we have seen an increase in inventory of days on market too. 

Based on that, do you anticipate increasing or decreasing your investments?

Repairs made while the property is your primary residence are not deductible, but improvements can increase your cost basis, reducing future capital gains tax when you sell.

The neighborhood has seen a lot of revitalization in recent years, with an increasing demand for both residential and rental properties.

Canton is not quite as bad, although they have increased annual fees and initial inspection requirements in the past few years that Akron never put in place.