Assuming the area checks out, I’d rather buy in a high price area that has little to no cash flow rather than an area that has cash flow but lower price.  

If you aren't going to set up the LLC correctly, for asset protection structuring, you might as well buy it in your personal name.

Buy a 2-4 unit, close to home.

I've worn three hats in the seller financing world (as a property buyer, as a property seller offering terms, and as an investor that buys seller financed note). 

Hey Somesh,I was wondering if you ended up buying a property in Cleveland and if so, how it’s going.I’m also from Toronto and looking to invest in Cleveland.  

that OR consider buying a property you could short-term rent to people who literally just want to visit the casino if it's a large/decent one. 

-------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

The more information that you have out there the easier it is for people to find you, if you want them to find you.I almost everyday wear my "Rick Buys Houses" shirts with my phone number on it. 

So if you see any let me know and ill buy it! 

when i buy dirt and do the horizontal these deals can take 2 to 3 years 2 years to get through approvals and horizontal  12 to 18 months to build and sell.. thats a 20 to 25 lot project.