What is the tax treatment with respect to reporting, depreciaiton, etc.

Should I still house hack to avoid the capital gains taxes?

Income tax: A foreign investor receiving rental income from U.S. real property must pay income tax.

It may impact the loan and will require you to pay transfer taxes based on the assessed value, deed prep and some additional accounting fees to address basis.

Establishing your team here in Cleveland is essential to success and a smooth start-up - especially a team with experience and expertise.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Even if you are actively operating as an STR the lender will look to tax returns for income, so if it has been less than a year they will still go on LTR income.You need to factor in that your lender is going to underwrite any loan based on LTR income only. 

Please keep in mind for tax purposes LLC are passthrough by default.

Every $100k in gain up to the limits, $250k (if single) or $500k (if married) will save you $15k in federal taxes and I’m guessing $5-10k in state taxes?  

You can always "borrow" or withdraw the principle since you already paid taxes on it.  2.