I've done the undergrad rental thing; got the t-shirt, probably used it to clean up a mess they left behind.There's also a lot of downward pressure on rents on the undergraduate side.

I am worried a lot of those that are doing arbitrage on the cheap will lose their respective shirts.

Note: always add postage stamp

If worst case is selling to break even or even lose some money....you can use this as a valuable learning lesson (as long as you dont lose your shirt). 

If we are talking about small land deals, i.e. postage stamp sized lots from a subdivision, the hard part is finding a buyer. 

If you're going to look into Cleveland, you'll want to read The Ultimate Guide to Grading Cleveland Neighborhoods.While it's true you can make a ton of money in Cleveland (I've done it) you can also lose your shirt (I've done that too, literally) Cleveland can be a mine field, so make sure you understand what's what before you buy a cheap house off of Zillow or something like that.

Cons: The price for direct marketing and postage is definitely more expensive then most (Those darn USPS Forever 0.60 cent stamps!).

, CASS-certifying your list, pre-sorting, and using pre-canceled stamps.  

The request of the day is for a letter stating the amount she pays for rent each month and that she is responsible for utilities so she can apply for food stamps.  

is like asking "do I wear a shirt or do I wear pants?"