BTW, the rental property mentioned is a standard one year lease type apartment just like mine which has been sitting for 6 months and, although I have had crazy number of submitted applications, they have all been way too high risk. 

The Triangle is one of the strongest appreciation markets in the Southeast, but cash flow here can be tight unless you get creative (house hack, short-term, or mid-term rentals).

Hey @Scott Green,From a tax perspective, keeping your mortgage might still work in your favor since the interest is deductible against your rental income, lowering your taxable income.

So if you sold for $340k, you are buying a $500k rental and a $500k primary.

I’m curious about something I’ve seen come up repeatedly, and I’d love to get insight from those of you who currently own or are considering buying in this market (or similar Midwest markets).What is the biggest challenge you’ve experienced or you expect to experience when managing rentals in Cleveland from out of state?

Some areas define it as anything under 30 days; others under 90.Midterm rentals often bypass short-term rental restrictions — but you still need:-Proper lease agreements-Local registration (in some cases)-Business insuranceIf you’re operating in gray areas, tighten up your paperwork.Anyone’s city recently updated their MTR regulations?

There’s definitely a healthy mix of stable rental pockets and up and coming areas showing steady growth.

If you're a broker, it's easy enough to download the data from the MLS (I do single family, multi family, land and rentals) onto your local machine.

Quote from @Christopher Rubio: Hey everyone,I’ve been diving deeper into rental strategies and keep coming across Section 8 (Housing Choice Voucher) investing.

Are you able to visit/inspect the property yourself before you put it on the rental market?