The rental market in Cleveland is strong, with a high percentage of renters, so as long as you're asking for reasonable rents, the property is in good shape, and you are actively marketing the property, it shouldn't be vacant for more than 30-45 days.

We have tons of new apartment complexes, so renting out apartments in quads is taking longer since they offer less amenities.

So while some opportunities show good potential always take into consideration the downside possibilities.

Thank you so much for sharing this!

On the flip side, some challenges include rising material costs, contractor delays, and unexpected permitting hurdles—so having a solid plan and reliable team is key.Would love to hear more about your strategy!

S so I already have a hard money lender that accepts sellers financing deals however they would like to be first position.

Hello community, First of all, I'm so jealous of you having an amazing community like this, we don't have that in Denmark, which is where I'm from. 

So do any of you have any experience with something like this?

I am looking to refinance in the near term either when rates drop to the 6.5% range into a conventional 30 year mortgage or as quickly as I am able into a first lien HELOC to be able to park paychecks into the mortgage and save a significant amount on interest or so it seems.

I like your suggestion of targeting a property with existing tenants and minimal work needed so I can ease into the process while building my network of contractors.