The market has plenty of older properties that need renovation, a favorable refi environment, and is generally landlord friendly.That said, it's not all upside Cleveland has slower appreciation, harsh winters, and older homes that often require significant repairs.I sold over 50 value add deals last year and I can say that if you have even a "good" GC crew (doesn't have to superstars) you can raise and repeat this process all throughout the Westside and parts of East.

The nuances in state regulations require an expert who understands how to expedite the process within the legal framework.

A lot of the popular areas in Charleston proper that are not licensed under the old laws now require the owner to live on the premises to obtain an STR license.

Both these properties have mortgages and they both are required to have insurance on them.

The purchase and sale of a business requires a lot more personal involvement than the purchase and sale of real property.  

It'll require some work on your end.

Quote from @Martin Jones: Hello, I'm young individual who is interested in long term buy and hold multifamily real estate.

You could form an LLC and have the operating agreement that allows your boss to require you to purchase his membership interest (or allow you to purchase his) in a given time frame.

I don't know what they are but unless there's something in the city that requires that kind of notice, it sounds excessive to me.

I am realizing some of the gaps in my book knowledge and the practical knowledge required to see a deal all the way through.