We would buy a house live in it for 2-3 years then on to the next and rent the old one out.

I live in Indianapolis and work exclusively with OOS investors so I'd be glad to connect and discuss this market whenever you like.

I live in Matthews just a little south of Charlotte 

I’ve been around real estate for decades, and I read in The Economist once that in lively markets like Charlotte, folks will pay a premium for a comfortable room if you’re near major employers.A friend of mine tried something similar out in Austin a while back.. he’d inherited a 4-bedroom property and split it into individual room rentals.

Even if all the numbers pencil out, if no one wants to live there, I'm going to have a hard time making the numbers work, whether I'm selling a flip or renting out a property. 

We lived in a little apartment above the garage and rented out the main portion of the house. 

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

I am familiar with the Akron market since I live directly next to it.

Quote from @Michael Smythe: Would only recommend on a Class A property in a city with major housing shortage.Then you are likely to get solid white-collar tenants that understand the living arrangement.Otherwise, you'll get transient type tenants that will be nothing but trouble.This was what I was concerned about. 

We live in central WA less than an hour from tourist towns of Leavenworth and Chelan.I'd like to connect with private money and hard money lenders, and wholesale investors.