Looking at outside markets can work very well, but you must have a team in place prior to purchase.

I'm looking into this as well.

Each deal is specific to your over all plan and the timeline in that plan. 

They have run STR in Cleveland for years and know the area very well!

Quote from @Brenden Evans: I’m also an out of state investor as well… I own some rentals in Cleveland and Milwaukee.

In the process, I would either lose this potential tenant and yet would have gone thru the process esp. when I wanted to avoid getting engaged with the city Like someone's comment elsewhere - the tenants who come thru this program are not well earning, so what is the probability they will 1) stay longer& not have to be evicted and or 2) the payments in time/ partial 3) will they trash the place

I have found it especially useful for lease/rent roll management, as well as rent collections. 

Hopefully someone from the area can chime in but shopping quotes from reputable and well rated or referred PMs will illustrate a better picture for you.

Zoned, planned, and approved project on all fronts.

Good luck and keep us updated with what you plan to attack!