The first thing that I recommend you do is start by establishing a clear criteria.

They likely will not cash flow but can be a stepping stone into investing, establish what your criteria is and stick to it.

But my investment scares me for the future I read a lot of not very reassuring things about the city of Cleveland for the future despite the many companies that are established there.

My understanding is single family homes are not ruled by rent control regulation passed; only multiple units.

I tend to buy in the Southern half of the US for 2 reasons:1) you get much higher year-round occupancy rates in the South & it’s simply tough to earn a good ROI in the North if your place sits vacant for a big chunk of the year2) Culturally, the Southern half of the US seems to be a lot more accepting of STRs regulation-wise.

I just started establishing some boots on the ground. 

I need to start establishing those relationships if Im serious about giving myself financial flexibility for deals.

@Kevin Moyer You are spot on about the confusion with the new L&I regulations.

It’s 3 units in an established 96 unit development.

I manage almost 300 STR properties in CR and have some great contacts in-country with local knowledge on all things regulations and real estate.