In this area, market values hit around $4.95 million, giving you a solid 131% ROI.

You’ve already got a solid foundation—understanding market trends, deal structuring, and negotiations will give you a great head start.I would recommend focusing on learning one niche at a time.

So, the extra unit may cost you more then it brings if you cannot access equity or if the market discounts the property when you go to sell due to financing available.

A portion of rent goes to the purchase price which is on the top end of market value. 

If so, I would appreciate hearing your thoughts and experiences regarding the local market, investment opportunities, and overall outlook for the area

I recommend you discuss and plan this in depth with a local lender who knows your market well. 

One year after I used that property to pull a HELOC and this year used that money to purchase an off market 4 family property in Clinton for well under market value, which I just recently finished all of the repairs and upgrades on.

Also, if anyone has any experience in land purchasing I would appreciate any tips or websites on how to find the best deal or agent for the same.

Cleveland and Dayton can be great markets for high cash flow and low purchase prices, but you need to be careful when navigating the neighborhoods so you're not buying in a D/F class area where no property managers will manage and where you'll never see any positive cash flow.

Its also a great way to increase values in a market since newer homes sales offer higher sale prices.