You actually will need to take it out to sustain your lifestyle. 

Buy and hold investments will give you long term sustainable income.

Close to intown I see crazy prices that are not sustainable, lot's of old houses falling apart with lipstick on them and over valued, high property taxes, aging county and city water and sewer systems (some 100 years old), etc.It's just not my cup of tea but other people love it.

I am not sure your rent on a SFR will sustain a higher mortgage.

No way to sustain that so I will not be investing in Cleveland. 

You wouldn't have to do any work to it as your rent to own buyer would be responsible for maintenance and upkeep of the property over the course of his lease.Hope that helps,Chris Preps if any of that resonated with you shoot me a private message and I can give you a few things to check out for free

That will open a LOT more doors and give you sustainable income if you work it. 

. §1.165-9(b)Property converted from personal use(1) If property purchased or constructed by the taxpayer for use as his personal residence is, prior to its sale, rented or otherwise appropriated to income-producing purposes and is used for such purposes up to the time of its sale, a loss sustained on the sale of the property shall be allowed as a deduction under section 165(a).(2) The loss allowed under this paragraph upon the sale of the property shall be the excess of the adjusted basis prescribed in § 1.1011-1 for determining loss over the amount realized from the sale.

There are not many people who are disciplined enough to save at the rate you have thus far.In this business both short and long term you either need money or access to it to grow and sustain, there is no way around that. 

:0(Forced to sell home / condo - in 2009 - could not find suitable work = sustainable incomeGave away most all contents in condo = books, sofa, etc to SALVATION ARMY prior to saleBeen in Poverty for over a decadeFinally found work bagging groceries for 2+ years / 3 hours PER WEEK as ONLY JOB making $35 / wkI have been wearing mainly the same clothes for 15+ years - purchased some at Goodwill & SAVERSNo Gym memberships for 8+ years, just on and off as "guest" & walking the surrounding neighborhoodsNo Vehicle for 6+ yearsOn Food Stamps for 5 yearsLiving with Parent for support for 10 years and still here !!