I’m looking to take advantage of an FHA loan and the 2-out-of-5-year rule for my first investment.

Congrats on investing in Ohio, it's a great market to be in, you can still find the 1% rule and tons of amazing appreciation here!

I only did this because my criteria was so specific that it ruled out at least 95% of on-market properties in each city.

As with all regions, the Oregon Coasts' counties and cities are tightening their rules (and quantities of allowable vacation rentals) and there are a few adjustments to last year's regulatory landscape.

There is no such absolute rule or mandate for REI - it is up to you on your comfort level with your cash flow versus total investment versus appreciation potential.If I followed that rule, I would have missed out on a LOT of great opportunities over the years.We bought a house in Jones Valley in 2017 with negative cash flow - why? 

They also handle legal matters, like making sure the property follows the rules or dealing with evictions if necessary.For finding deals, I recommend starting by connecting with investor-friendly agents in your target market.

For suburbs you really have to search for each cities rules.  

•If the rental income, insurance costs, and resale potential make sense, I wouldn’t immediately rule it out.

.- The golden rule in my group is the seller has to have a deal, the numbers work, be willing to sign, be willing to move out no later then 7 calendar days prior to the auction!!!!! 

The interest would be tax deductible due to interest tracing rules.