Quote from @Steve Englehart: I currently have two long term rentals and am looking into buying into the short term rental arena.  

I don't have enough details to know whether it's a good move for you, but I think my numbers work out better when I'm the lead.

Your mortgage has nothing to do with your taxes.Here is a very rough starting point, however the actual calculation will involve more details:1.

So I looked for a large MF portfolio in Columbus, OH and found this 48 unit package: https://www.realtor.com/realestateandhomes-detail/299-Mayfai...?

I buy and hold and do short term rentals and mid term rentals.Located in Racine Wisconsin  Hello Gabriel: I also live in Racine County there are some great deals our way and including southern milwaukee county too!   

In terms of selling a property, parts of Cleveland require a POS (Point of Sale) Inpsection, but I'm not too familiar with what all that entails.

Price out as much as you can in terms of materials and estimates.

I’ve worked with a few tools for property intel, and while no service is 100% accurate, some options have stood out for specific use cases:BatchLeads: They offer a solid skip-tracing tool with good accuracy and detailed reports.

If you're capable of getting funding from a bank, those terms are terrible.

Definitely some cause for long term concern, but this also can give opportunity to other investors that are willing to invest out of state or more people moving to other states like AZ and TX with long term appreciation in these markets.How is the appreciation in Phoenix?