While they are legal from a building department view point, if there are complaints from neighbors about you renting it long term, it could create issues with zoning.  

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Investment Info:Single-family residence buy & hold investment in Lineville.

If they have some other major payment, I hold at the 3x rent. 

looking to buy a home less than 600k in 2024 soon,and have future plans of renting it after couple of yearsWhich below areas are better in terms of appreciation for future selling or renting in 2 years?

Efficient negotiations secured the property for $200,000 on favorable terms.

The numbers also work for the this to be a long term tenant in the down stairs unit to cover part of the mortgage. 

Do you intend to rent the property out via short-term or long-term rentals?

I currently own one side-by-side duplex in Euclid (purchased end of 2022), and am looking to eventually buy more rental properties, and possibly get into medium term rentals.

I'm specifically interested in learning how to land a pre-foreclosure deal, but I think I need a structured system for educating myself and have a teacher/mentor for support and to hold me accountable during the process.