For me doing this gives me the flexibility that if something comes up I could use this savings in two ways for emergencies and for my savings goal.I have in the past taken more risk and put the money in low cost index funds within my taxable brokerage account like VOO but there is risk here. 

Serious question @Joseph Fenner, I am curious the catalyst where you came up with this whole idea of things. 

In the world of commercial real estate, especially for those of us involved in wholesaling, hard money lending, and larger commercial transactions, finding truly qualified leads can be one of the toughest parts of the job.Unlike traditional real estate, commercial deals require a more complex understanding of financing, deal structure, and the unique needs of clients—many of whom are investors looking for specific ROI targets.

When investing in Cleveland, I'd make sure you have a solid understanding of the different areas.

This will be a STR.

Let's keep this as simple as possible....Ex 1: 3 single-family rentals, value $300-400 each.

I’m not sure all of the regulations/rules to this in PA though.

I am looking for a house inspector who goes into every tiny details that need attention and uses a good reporting tool to look at the issues.

This is also my first rental, so there are many unknowns at this point.

There is no loss of use.