We bought ourselves a furnished house with a giant pool, and also opened up a Short Term Rental.  

Brand new roof and each unit is good in terms of renovations. water heater from 2017. only concern is HVAC system is 14yr old, that’s the only potential cost that i see that could occur within the next 3-7yr.

Now, for long term rents I did not/would not pick it if the home is in Shaker Heights.

My primary goal is long term appreciation and I'll accept a property that breaks even on cash flow.

You could do a longer term mid-term, but still if it is single family, it's single family.

I'm exploring several long term strategies:-Exit:The townhouses share common walls in the middle.

If the seller has already signed an agreement with the agent, then the agent will be compensated by the seller, per the terms of their agreement.

Looking to buy a SFH in one of these counties, with the intent to convert a basement into an ADU and rent it out (short or long term) - and live in the main unit as owner-occupied.

Homes in this area typically sell between $250K and $350K.

Per the article, the term "Seriously underwater" is defined as 25% or more owed above the total estimated market value of the property; Among zip codes with at least 2,000 homes with mortgages.I'll let you in BP Nation decide if this potential financial loan distress would make the Rocky Mount area more or less attractive for a real estate investor.