it is fairly easy to review the individual or business ahead of time, but the picture is not complete until the deal comes into play. 

The question I have is there are four camper trailers, two utility box trailers, an old tour bus, a couple of homemade trailer‘s, an old boat, two sheds, a play ground, four cars, and about 20 to 30 large white rabbits as well as a house full of junk.

So, at worst you are a minority partner and have no authority to make decisions.

I try to help mentor my high school students about investing (if they're interested - only a handful have been) and it's culminated with playing "Cashflow" a few times as a group. 

My realtor agent mentioned that we could look into mid term rentals for traveling nurses, corporate housing etc and make close to double what we would get in a LTR.This is our first property, do we play it safe and do LTR or do we take the leap and rent it out to traveling nurses, corporate travel.

I do agree we investors get sick of people asking for criteria, but we also have to remember that we play the numbers game too and the more people we have shopping for us, the better our chances of landing another deal on someone else's efforts!

@Russell BrazilAny appreciation opportunities in these areas, or would these be mostly just cash flow plays?

Even if they play hard ball, from your numbers above, you'd make about a 30% return on the improvements- that's not bad when coupled with good cash flow. 

So I am an out town investor and have a potential deal in play that is comprised of scattered multiple multifamily buildings in Cleveland area. 

Reading this though, you will be living in the same house so my thought is are you anticipating unruly roommates which you could screen against, or are you playing it safe by anticipating what could happen?