Even though it's tough, you'll get stronger and smarter than those sitting on the beach waiting for the tides to turn in their favor.

I agree that the algorithms favor most favorable nation pricing.  

This could give me an option as a house flip if the numbers don't work out in my favor for positive cash flow.Target Returns:Given the higher risk, what cash-on-cash return or annualized return should I be aiming for?

Also if it's for a BRRRR, it can change the economics on the back end in your favor. 

@Isaac TerryIn terms of it being worthwhile, just like most other markets out of state if the barrier or entry is too high where you live, the landlord laws are not favorable where you live, and you are looking for positive cashflow then Cleveland can be a good option.

. :) As I've dug a little deeper, I found many favorable experiences with virtual  CPA firms.

That creates a really nice price / rent ratio which is favorable for investors looking for cash flow.

Quote from @Robert Bell: Memphis has had a favorable rent to price ratio for a long time. 

I hope things work out in your favor! 

I just wrote an offer for full asking price at 30 day close, with a contingency to extent at BUYERS choice for 30 more days if I don't get an favorable response on the electricity install costs.