Question for Greater Cleveland Investors

[Rich Cee]

Good morning BP Family! I am a slightly experienced newbie (Yes, that's exists. Say level 2 out a 10 scale) and I am interested in purchasing buy and holds in the greater Cleveland area, primarily Parma/Parma Heights area. I lived in Lakewood in 2010 for a few months, traveled that area for work at times and remember it to be blue collar and B- town. Some of these homes seem to hit the 1.5% ish relm for rentals. With this being said, what do you experienced investors in the area think of Parma's rental market and area now and should I look else where for my 1-2% rentals. I'd prefer non section 8 and C+ to B areas as long as the price is right. Thank you all very much for your time.

[Paul Timmins]

@Rich Cee 

To find out about an area go to IREM.org search for ARM certified property managers. Call 5 ask them what parts of the city they like/dislike and why. Ask them what they see expenses running per category per unit. What do they see them selling for per unit, what is the market occupancy rate. What are the market rents? Ask them if they know anything coming up for sale. Great way to pick up some good info and possibly a deal.

Paul