Why is Cleveland a Cash Flow Market?

[Pete Abilla]

I'm looking very seriously at buying a few rentals in Cleveland. But, I have a concern.

Everybody I've spoken to touts that Cleveland is a cash flow market. But the data shows that people are leaving Cleveland (and the snow belt for that matter) and moving to the sun belt areas. For example, there was negative population growth compared to the last census (384K vs 396K). 

So, what would you say to convince me to buy rental properties in Cleveland? Or, should I avoid Cleveland since population is shrinking and look elsewhere? 

Would love some advice here.

[Stephanie Fleming]

Certain areas are great for investing in Cleveland.  You can get great rehabbed properties for around $75K and tenant them with section 8 tenants.  Section 8 runs back ground checks on all of their tenants and the tenants tend to be on their best behavior as they do not want to get kicked out of the program.  They also tend to be long term tenants as they don't want to move around alot.  If you need help finding the right property we would be happy to assist you!