What kind of system is this? 

Do you and your husband have any kind of long term strategy in mind?

Incorporate what if you die, what if you or a partner want to sell how do you value, opening bank accounts, contract signing, etc.  

I would guess that you have little or no experience running any kind of STR, and now want to get that experience on the back of someone else's investment, with little or no personal skin in the game, and that's not a good way to build an investment portfolio.

Well it all depends, it's all in what kind of business a person want's to shape.

No need for management LLC's, LLC's in WY, DE or any of the other states that are inaccurately deemed to be better for incorporation.

Not saying it's bad, it's just the way these kinds of things work.

Rules and restrictions, and traps that don't apply to any other kind of businesses, only the rental market.I think this puts the landlord on the defense.

While I haven’t invested in Cleveland or Toledo myself, I’ve heard both cities offer interesting opportunities for new investors due to their affordability and rental demand.When deciding between the two, have you considered what kind of tenant base you’d like to attract and how the job markets or local amenities in each city might support that?

Let's see: You sell one property, and to avoid paying cap gains tax, you then reinvest those profits within 45 days into a larger "like kind" property.