He lives locally, is very responsive.

But this was an awesome opportunity for me because this is my first living situation where I will be on my own (and getting used to paying a rent/mortgage) but this will put my overall mortgage on a 400k house at roughly $2000 a month for the first year!

Quote from @Braeden Warg: Thank you for the clarification and information.I live in Cabarrus County and have experience in residential and commercial construction.

I have a client that bought a condo to rent after living there and the HOA ended up outlawing rentals.

After 25 months, If they can prove that they lived in the property for two of the past five years, they can sell it as an owner-occupied residence.

@Isaac TerryIn terms of it being worthwhile, just like most other markets out of state if the barrier or entry is too high where you live, the landlord laws are not favorable where you live, and you are looking for positive cashflow then Cleveland can be a good option.

Recently I’ve been living next to an illegal and poorly run STR operation and I can now better empathize with folks who strongly oppose them.

Quote from @Sarah Kensinger: Boston is not STR friendly unless you live in the property.

However, I am thinking of having my parents who are retired living there part of the year and doing STR for the remainder of the time.

I live in El Paso, TX and would like to invest close to home first before venturing in long-distance.