Newbie Looking To Purchase 1st Property In Cleveland

[Chris Sean]

Good evening all. I'm looking to purchase my 1st rental property, preferably in Cleveland even though I live out of state. I'm not necessarily looking for steady growth in equity, my focus is to buy, hold and build a strong base of residual rental income. I figured multi-family properties would make more sense because in the event of a vacancy the other unit/s could prevent me from coming out pocket monthly. As you can imagine, with this being my 1st purchase I'm trying to make the smartest decision possible so ALL FEEDBACK AND EXPERTISE is welcomed. Thanks in advance.

What neighborhoods are ideal for multi-family renting?

What neighborhoods should I avoid?

Are there any area banks that will finance sub 50k properties?

If not can you recommend any other funding sources?

Can you recommend any property mgmt companies and contractors?

Is it realistic to try to oversee a potential rehab long distance?