I agree with these possibilities, and unfortunately I hoped for a new approach in which I can work with them and grease the wheels to get the result I want, but you are basically just saying move on, which is easier in the end. 

Specifically, I'm thinking about getting properties which ideally satisfy the 2% rule or at least are significantly above the 1% rule (ratio of monthly rent to purchase price + renovation cost).Given these goals and the fact that my constraints, I have the following questions:a) Which markets are best to look at ?

Then move and rent out the townhouse.  

But, it is not for everyone, you have to be ok moving into a new home every year or two...

If you want to get into the market for the appreciation play and are willing to negatively cash flow a bit you could consider a negative DSCR loan.I’m still very new so my decision would be based on factors that aren’t concrete yet (I.e. my goals) therefore long distance REI isn’t off the table.

You will want to, at a minimum, conduct pre-move-in, mid-term, and move-out inspections.

It will be the key to most businesses moving forward operating inside of the real estate investing space.

I’m happy to chat about what you’re looking for and what your goals are.

In Cleveland most tenants have CMHA and the process is a solid 8-12 weeks from the time you submit the packet until the tenant moves in if you don't get held up doing work to pass the inspection, this might also affect your decision.  

That being said, depending on your investing goals, it might make sense to go with a DSCR loan.