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Updated over 4 years ago,
Anyone familiar with the Cleveland market?
https://www.biggerpockets.com/... (Link to calculator)
I just placed an offer for this property in Cleveland and I just want to make sure I am taking into account proper reserves as this is my first endeavor into the cleveland market
About the property:
-Built 1924
-Duplex weith existing tenants paying $800 each
-turnkey
Taking into account 10% repairs, 8% vacancy, 7% cap ex, 10% management