I intend to hold the property long-term. 

Just ensure you’re entirely comfortable with the long-term commitment and the specific REITs you choose.

I'm glad you are getting into the Cleveland market.I have clients running short term rentals in these areasEast side - University Circle, Shaker Heights, Cleveland HeightsWest side - Ohio City, Tremont, Edgewater, LakewoodHere is a recent article on a bill passed "House committee passes bill to block cities from regulating Airbnbs, other short-term rentals" https://ohiocapitaljournal.com/2022/05/11/house-committee-pa...

In terms of strategy would this area be better suited for finding cash flow or appreciating properties?

Are you using other peoples money, hard money, conventional, or your own cash?

If you sold a property before talking to a qualified intermediary, and are holding the cash yourself, you have already lost the opportunity to do a 1031.

And if I sell it why does it make more sense in the long run, and at what price should I sell it for if it’s appraised for less than I bought it with current market. 

., terms of the HELOC, overall investment strategy).

I own a two long term rental in the Pacific Northwest and one in the Midwest.

Hi there - I have a long term single family rental that will be sold in the next 60 days ($200,000) as it doesn't make me much monthly.