Hi Konstantin, I’m also looking at Akron seriously, but I have a roving eye so I’ve been thinking about Joshua Tree, select other vacation destinations in California (that I could actually drive to!)

They do have loans that will actually use your 401k as collateral. 

They seem to leave actual construction knowledge of any kind to Caveat Emptor.Anyhow, relevant to the OP, nothing stops you really from getting a license.

In fact, allowing for more neighborhood scale housing in California’s communities actually curbs the market power of institutional investors.

Looks like there are actually 6 rentals in the building.

Do your research to see what you would actually make for each option.

And here's why...How many days are actually booked vs blocked?

Only you know your actual financial situation and you don't want to bury yourself either if #'s definitely won't work.

Update: We have been able to make some progress on the property, actually almost complete & ready to be rented. 

I'm trying to become the best person I can not just for myself, and not just to lead them and support them for their goals but so that they have an example they can learn from and can genuinely be proud of a father and leader that actually does what he says he will.