Investing in Lorain, Ohio

[Paul Sundin]

I am working with an investment group who are looking at a portfolio of single family homes located in Lorain, OH.  Now I have many clients who have bought in the Cleveland suburbs and am somewhat familiar with the surrounding areas.  But not so much with Lorain.  I just want to see if anybody has experience in the area and can offer any guidance on the market.  

Specifically, I want to know:

1) how strong is the resale market

2) how strong is the rental market (I know a couple companies just announced layoffs)

3) I know that a POS inspection is required but not sure if anybody has had experience with the local housing authority

Any other info is greatly appreciated!