@Michael AddisonIf you're just getting started in Cleveland I would recommend being in areas on the West Side of Cleveland like West Blvd, Cudell, Old Brooklyn, Clark Fulton, Edgewater, Jefferson, and Brooklyn Centre.

Next, you need to start tracking your expenses.

House hacking a 2-4 unit property with FHA (3.5% down) or Conventional (5% down) can be a smart way to start, while DSCR loans or partnerships can help if you need alternative financing.

You will likely miss some deductions using the commercial tax software but it’s the cheaper option and starting out a couple hundred dollars in deductions missed likely isn’t that big of a deal.

It's no guarantee but it's a good place to start.

Have recently started a renovation company with a friend, both of us successful business owners and talented in the trades.

As you're just starting out in Austin, focus on learning the local market, particularly areas with good rental demand and lower entry prices.

Why does PM start promoting the property only after existing tenant moved out and property fixed (small repairs)?

Over the course of using Bigger Pockets I have had very degrees of opinions on who I should vote for concerning a post.When I first started using Bigger Pockets, I was too naïve to even think of voting for someone that took the time to answer one of my post.  

Just given the information that you provided, I would say buying a house where you can rent out rooms or a separate apartment is a great way to start.