Hey Zahra,Have a lot of clients working down there and you are correct, it has become a great place for investors.Biggest differentiator that I have seen has been on appraisals after the repair.

That has driven a lot of DFW investors to our market but it's still relatively affordable for investors to get started here. 

For example over the last four to five years a lot of people went out and bought STRs thinking it was going to be a great investment only to find out that the numbers did not work a year later and needed to try to use it as a LTR to make ends meet. 

I would be much more specific on pricing.

I do a lot of searches for multi-families in Cleveland and Akron so Im looking at the MLS everyday on these and I think you can definitely get better cash flow in Cleveland, especially in the 120k price range. 

For more expensive properties you'll be wanting to pay a lower interest rate and doing short/mid term rentals.

For investors who want a "perfect property" Rent To Retirement sells new construction homes in more expensive neighborhoods for a higher price point.

Of course a visit to the county records office and -correct reading of the legal description would reveal that the tennis court lot was the one being sold.  

Down payment amount varies and more you put down the highre you will be in the queue of applicants, also down payment varies per your credit...Dodd Frank IS in play!!

It could have been a lot worse.