Sounds like it could be a decent LTR situation, but you answered my concern on if a STR would really stay booked enough to justify a purchase.

I would recommend saving a little more.From what I've read about Cleveland is that you need to be concerned with high crime.

Hi, Ohio's market is doing well but, different people have different experiences as far as real estate is concerned.

@Lorenzo Wright, Once I've established a relationship with them, I'm not as concerned.

Those concerns are totally valid.

Property values have been appreciating rapidly in recent years, and the city’s population has started growing again—a trend we haven’t seen in decades.I’m also based in California and have been investing in Detroit for several years, so I understand the concerns of out-of-state investing.

You want to stay in the loop, know what's happening at your property, and address any concerns pronto.

Therefore the concern I have is people are giving them their money and they are giving dated and unrealistic advice.

Yup half of these ideas are OLD NEWS  I never equate Texas and low tax's LOL also my concern with build to rent subdivisions is not the rent or the first 3 to 5 years but the exit in 7 to 10 years which is average hold time for investors.. 

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.