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.

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

I am looked at by the loan officer as living in a situation rent free. 3.

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 own a 4plex where I live in one and rent the other 3. 

Hi all-Getting close to closing on a prop about 90 miles from where I live. 

I bought a single family because I thought I could house hack in the same way as a duplex and in ways it certainly could have and did work but I didn't expect the relational aspects of having people living in a property I purchased.

A few other things I'm considering;- I don't need the extra cash flow to live and am just approaching it to remove the high mortgage interest, but also hedge risk that the current stocks might tank in a few years.- Could take all current cash flow and a few thousand a year to pay off the property in 5-10 years.- Hold for a bit and 1031 into something else but am fairly confident there is not much appreciation to come on this property.

The auctions, although online now, are live foreclosure auctions, i.e. the auction style sale which is the culmination of the foreclosure process.