New Investor in Parma Heights, OH – Buy-and-Hold Rental on Pearl Road

[Alec Bilux]

Hi BiggerPockets community! I'm Oleg, a first-time real estate investor based in Parma Heights, OH. With 15 years of entrepreneurial experience (Forbes Next 250 Ukraine, ceiling heating innovation), I'm diving into buy-and-hold rentals for stable cash flow. I recently bought a 4-bedroom, spa-equipped home on Pearl Road for $142,000 at auction, targeting $3,000/month rent (ARV: $300,000). I've invested $25k in kitchen/bath upgrades and need $25k–$40k funding plus Cleveland contractors for rehab (Florida room, electrical for 1947 home). My goal is to build a cash-flowing portfolio and network with investors who share my vision. Real estate excites me for its wealth-building potential, inspired by my business background. What are your best tips for finding investor-friendly lenders in Ohio? Thanks for the warm welcome!Best,
Oleg

[Jimmy Lieu]

Quote from @Eric Gerakos:

Alec, my first advice would be to not show up at your rental property in Ohio in a Maserati with personalized plates, lol. 

I drive my tesla to the roughest parts of Ohio and still alive! It's not bad in Columbus Ohio at all and haven't had any bad encounters here. Columbus doesn't have any hoods here, can't speak for other cities.