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

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

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

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.

I'm also working on upgrades for THE MTR Connect - better scheduling, automations, guest speakers, social media - all to help promote the collaborative and supportive space my colleague @Jamie Banks and I have created.

Start with BiggerPockets Ultimate Beginners Guide (free).

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. 

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

If you end up in Cleveland you'll want to read The Ultimate Guide to Grading Cleveland Neighborhoods to give yourself an in depth idea of the market.