It's tough to give a definitive answer without knowing your specific investment goals (cash flow, appreciation, etc.) and preferred strategies (BRRRR, wholesaling, etc.).However, since I'm a Cleveland native and active in the real estate market here, I can offer some insights on why Cleveland could be a good fit:Affordability: Compared to many other major metros, Cleveland offers a relatively low barrier to entry.

What's the quality of the furniture included? 

Would a low enough sales price make all of my concerns go away?

Op ex ratio may end up being more like 45% or perhaps 40% with newer high quality construction.

I find the savings from not needing to add chlorine is instead spent on chlorinators.I would not use salt for an only a spa because the chlorine use is so low.  

I don’t want the property to appraise low and not have enough money to get when I cash out.

I own 4 two/three flats bought between 2013 and 2020 in Forest Park, Illinois, at low interest rates and prices in 200000's  They cash flow nicely and prices have increased a lot. 

I'd underwrite the deal as any other - make sure you are conformable with the quality & tenant base. 

Saturation is definitely upon us but quality product continues to get booked just like other markets.

Cheaper than Data Tree and has the highest quality data.