This requires buying properties that match the housing requirements of a tenant segment with a high concentration of reliable tenants.Daniel, if you do not have sufficient funds to invest in a suitable location, it is better to wait than to invest in a location that is guaranteed to fail in the long-term.

Now everyone is investing in STR & MTR, and I helped a lot of BP members find the right property but suitable properties are still getting multiple offers and are under contract in a day.

Hello Jamal,It's important to do your due diligence and research the different neighborhoods and areas within Ohio but I recommend Cleveland a suitable location for your rental property.

So, I'd like to make a decision before it's too late, or more buyers come into the market and increase competition.Property Info: 550-600k, 3-4 rooms, loft (can later turn into an additional 4th/5th room to add value), 1800-2200 sqft, 2 car garage, hoping for a lot size suitable for an ADU/DADU

I think your friend needs to read up on all of the various RE strategies and decide for themselves which one is the most suitable for them to learn and take action.

People are allowed to use their property in a manner suitable to their lifestyle as long as it's not interfering with the rights of others.Wait until their lease is up and let them know you won't renew.

MFH are out there but are significantly less common than BRRRR suitable properties. 

The owner did find a suitable candidate remotely however.One thing to consider if you decide to rent annually, is that there is generally a dearth of long term rentals here for locals, however, many renters here have less than ideal credit.

I have no intention to invest out-of-area and willing to pay cap gain tax if there is no other option.What happens if I cannot identify any suitable replacement property after 45 days?

Best of luck to you in your search for a suitable property!