Pros- It has good schools, is very stable and has a low crime rate.

We quit what occurred to us as the most stable way to make money and stepped into the unknown.

We have 750+ credit scores, decent liquidity for a down payment (we can put 25-30% down), we have modest but stable income, but we have tremendous student loan debt from law school and medical school.

Is the market stable or strong? 

Because passive income from a variety of different sources (multiple rentals) is more stable than a single W2 income source.Also, we don't want to have to work 9-5.

Because, the South Florida market, sell prices fluctuate so wildly compared to relatively stable cash flow markets like the mid-west. 

The owner is 90 and has a few family businesses that are stables in the community and puts all his attention into those and does not really have the interest in dealing with everything that comes with tenants, renovation, and what it would take to bring the property up to market value.

If you need an on market agent, look up Chris Kaylor, he does my MLS stuff and is top shelf!

If you want stable rents with little upside it could work out but if the market turns then the slower job growth area could turn into an undesirable area. 

And yes, the numbers are making sense here in the Cleveland market, even for the more stable neighborhoods.