With nobody able to see the unit in person, I had no competition negotiating and was able to get the house for over 20% under asking whereas it should have sold for full asking or slightly over on the open market.

Cities like investors who come to them, check the rules, follow them, and produce good product.

I personally think out-of-state investing is a top choice.

Regarding the septic approval, my understanding is that systems are rated for number of bedrooms under an assumption of usage and per person usage.

Akron and Canton may cashflow a bit better but I personally don't see as much of long term growth in those cities. 

My initial idea was 10-20% down with 7% interest rate for 10 or 15 years after doing research. 1 person suggested a balloon at the end and another person advised against it. 

First person I met was the section 8 case worker.

Nice area though and properties probably will hold their value as long as kids go to school in person at a building/campus. 

Let me know if you ever want to chat more directly about house hacking as my wife and I personally do this as well as most of my clients that I help!

So, while taking into consideration the age and condition of the damaged item at move in and the time the tenant was renting for is a factor, I personally don't think using a strict IRA depreciation schedule makes sense.