Make sure you get into a property than can support both options.

Cleveland almost seems like the best option because of the affordability and rental demand, but worries me due to the high property taxes and lack of population and economic growth.

Believe it or not, these things actually impact all parts of the housing market, not just the new home sector.Again, to truly weigh the options in front of you, I would suggest having a Realtor do an evaluation for you, and give you a pro/con rundown of each option. 

I do single family "off market" that I take over with owner financing, subject to, wraps and lease options.

One option could be using the equity in your business rather than cashing out entirely.

A little of something is better than a lot of nothing, so if the deal works then I would consider it, especially if no other options

Both Ecobee and Honeywell are great options for smart thermostats so you can remotely control the temperature settings and set temperature ranges. 

As you get to this point your gaining more confidence in the options because you know option A and B had a certain outcome that wasn't option C, and this would give you more confidence you're doing the right thing for you.From there, I would be identifying properties to acquire if you don't already have some in mind and then my next sheet is creating the plan.

If you ever need financing options for expanding your portfolio, whether for rentals or value-add investments, I’d be happy to help.

While I’ve considered cash-out refinancing or HELOCs, the high rates make these options less appealing.I’m debating between using cash to acquire more SFRs or diversifying into mixed-use retail properties.