population/jobs market growth in Cleveland

[Guillaume Jean Andre Palomba]

Hello everyone

I am still aspirant for my first out-of-country investment (goals are cash flow, long term holding).

During the past days i tried my best to do some researches about Cleveland real estate market.

i got confirmation from multiple sources that this city has the potential to offer exceptional cash flow :

-affordable houses prices

-high rental value

-low vacancy rate

is it too good to be true? why a city offering these opportunities isn't assaulted (pardon my french) by investors yet ?

by checking some basics datas , i found out that Cleveland has some cons: unfriendly weather, high criminilaty, declining population, slow growing job market...

my concerns are especially:  declining population and slower job market growth (than the national average).

do these 2 factors make the city a dangerous place for long term investment ? 

vacation rate could increase, houses could loose value overtime...

there are probably other factors that i miss, please let me know what do you guys think.