I realize I don't have the actual NOI, but that price sounds super high for the gross income you're stating in your narrative.

And you get feedback at a level high enough to determine how to proceed. 

Zachary,Your concerns about Cleveland are valid—high property taxes and stagnant population growth are definitely challenges to consider.

If one has high living expenses, cash flow doesn't mean much and I definitely understand going for appreciation first.

I do need a property that is not very expensive, which is why I have been looking into Clevland due to their low selling prices and high appreciation rates.  

I do have a fairly high percentage of my net worth (35%) in the PPR fund. 

If it's cheap, high crime area, proceed with caution. 

High taxes.

Just wondering how many folks would really use this that are like I said not really educated on how title and escrow works and I find East coast folks to be highly reliant on closing attornies and have very little knowledge of title and escrow functions..

I know a lot of Chicago investors are here too; but if you were in my spot would you recommend Chicago as prices are too high and I have never been to the city moving next year.