This surge in tourism and job creation makes now an ideal time to capitalize on the rising demand for both long- and short-term rentals. 

I used to flip in FL before I moved out and looking to get back into it so this product seemed pretty ideal since interest only for the first 10 years.  

We have a few in Las Vegas, over in the southwest. 3 bedroom single family homes are the ideal property for the Las Vegas MTR market.

Yes I think the refi is just not ideal as we would like to keep our low rate.

It would be ideal to start here for a hands on approach, but honestly, if the deal is good, I'd take it in any profitable market.

But, again, if you friends  in Indy know a thing or two about investing and can partner with you, where you both have a financial stake and they get "more" of the pie relative to their equity contribution in order to oversee the success, that would be the ideal scenario in my book.As for broadly in markets, both are considered pretty good.  

Here’s a breakdown to help you navigate your first deal, incorporating advanced strategies, including 1031 exchanges, to attract a broader range of investors.Neighborhood Recommendations: Chicago offers a diverse range of neighborhoods for different investment goals:Wicker Park & West Town: These areas are known for their strong rental demand among young professionals and offer good potential for cash flow.Lake View: Ideal for attracting tenants who want to be close to downtown while enjoying local amenities.The Loop: A prime location for high-income renters, making it an attractive option if you’re planning to house hack and generate a steady stream of rental income.Property Types: Opt for properties that align with your investment goals.

What I have saved would ideally go to filing an LLC and earnest money when I get properties under contract.

@Mitchell PetroskyHere is a structured approach to house hacking, including getting pre-approved for a loan, identifying an ideal investment property, building a trusted team, researching and making offers, managing the property effectively, and overcoming common challenges.

To succeed in Cleveland's short-term rental market, research local regulations, analyze potential locations, find ideal properties, build a network, plan renovations, stay connected with BiggerPockets, focus on modern bathrooms, cozy outdoor spaces, and practical amenities.Good luck!