The problem here is fairly simple.........the inspectors may become power hungry and can literally cite anything they want. Some of these houses can't be given away and a long violation list will seriously squeeze or even bankrupt most landlords......
I purchased a house in an eastern suburb to flip.........I had close to 60 violations on the POS with only $3k in escrow. It's ridiculous as the house is in almost perfect condition. Every switch....every faucet....every lock......1500 for a piece of carpet...it's almost funny......
I know every investment is different.....but most of the people I speak with stay out of Cleveland proper and East Cleveland. In my opinion this will stifle any future investment and now I know why so many people are thinking of getting out....big headache for any landlord.
