However, it is not currently used that way, and is currently considered commercial property in state records.Zoning is not an issue, it is on a residential street with all normal houses.I guess the brunt of the question is, how is the commercial vs residential classification determined for the purposes of conforming mortgages?

Single family house across street from private college built in 2018.Purchase price: $220,000, $5000 downRented for $2300/month, monthly cashflow after expenses (including, taxes, vacancy, repairs etc) approx $450/month3.

Watch out how you position the building on the property relative to street access and view. 

Anyone ever heard of or dealt with Easy Street Property Management?

For instance I know that properties on busy streets can be up to 10% less than the same house on a not busy street.

I'm from a bit more south and only know what I can see from MLS data and google street views.

@John, unless the street is an abnormality, the rental demand should not be an issue in the Cleveland Heights/University Heights area.Selling it or getting any appreciation in those conditions, maybe. 

I’ve seen some folks use that street level enclosed areas as a recreational area.

@James HamlingAs a former Wall Street banker turned tech executive turned tech investor, my contributions have been very significant by way of sponsoring talented people, helping fund companies and enable job creation and none have been undertaken trying to brainwash the vulnerable to line my pockets.

If your car is riddled with bullets and you see bodies lying in a pool of blood in the street, it's definitely a war zone!