Keep in mind that condos are typically a more affordable housing option, resulting in more long-term residents.

On the other hand, a turnkey property could be a good choice if you want a more hands-off experience with steady cash flow.

Perhaps there was a more official way to deal with it, but this worked fine :)

Curious to learn if there is a more creative or better way that someone has up their sleeve.

Strongsville is a more high end suburb so although you are able to invest there, its not generally done

Do you prefer flipping for a quick profit, or do you take a more long-term approach with rentals?

The state’s population influx and booming job market create a more even demand for housing.

Since this is our first property, is it advisable to use a single LLC for both personal asset protection and holding the property, or are there reasons to consider a more complex structure?"

As the owner or landlord you may be able to build a more personal connection with the tenants.

@Dave Vona, there are a lot of challenges here in comparing the two.I have invested in SFR and syndications, granted syndcations only started about 4 yrs ago, where SFRs were 14 yrs ago.The biggest challenge in comparing these two, from a very technical aspect, is you are using syndicators 15-18% projections on value add properties (and the rent increases that can come with them) versus a more turnkey approach.So let's look at most syndicators in the value-add space and for completed deals:I would say, many groups hit roughly 25% IRRs for their LPs, often with a roughly 2-3 yr hold.