Engage an investor-focused realtor/broker in your preferred market (this is not a residential realtor) and start 'tire kicking' the market and properties that fit your criteria.

@Todd Anderson totally agree on finding a mentor in the market to learn from.

I'm also concerned about the real estate market as a whole.

It requires no money upfront, so you will join thousands of others trying to do the same in your market.

Found it through a broker on the market.

This strategic flip leveraged our market expertise and efficient deal structuring to achieve a quick and profitable transaction.

However, the property’s cost basis (what they originally paid) carries over to you, meaning if you later sell, you may owe significant capital gains tax on appreciation.Alternatively, selling the property at fair market value eliminates gift tax concerns, but your in-laws may owe capital gains tax on any profit.

not sure how sec 8 works exactly in cleveland but in areas I owned sec 8 leases could only be written for a year.. also its only guaranteed if the home pass's inspection and the tenant stays on the program etc etc.. if you have a GOOD sec 8 tenant then yes its very predictable.

Cleveland is a great market, but hopefully my warning here will help you avoid the headaches I endured.

Here are some of the more longstanding discussions that may help to answer your questions.Specifically at Rent To Retirement, we operate a turnkey marketplace that focuses about 90% on A class, new construction properties located in growth markets.