an inspector will tell you everything wrong with a property, from the minor to the major. so if the inspection report finds a bunch of electrical issues, yes, you'd need an electrician to tell you whether they are $200 fixes or $2000. 

Lots of major developments going on over there with the new Honda Plant, airforce museum, and University of Dayton. 

For a new construction that the house will last at least 50 years before major repairs, we were pretty happy with the current result.

And you're right, with our low default rate and the lower price point on 2nds, buying them back is certainly an expense but not a major one.

Examples:44109 (median home price went from roughly 50k to 125k in 8 years)https://www.zillow.com/home-values/77009/cleveland-oh-44109/ 44102 (median home price went from roughly 30k to 120k in 8 years)https://www.zillow.com/home-values/77002/cleveland-oh-44102/ 44106 (median home price went from roughly 100k to 200k in 8 years)https://www.zillow.com/home-values/77006/cleveland-oh-44106/ It has the highest rents on average in all of Ohio for major cities and the median home value is not even in the top 3.

If someone wants to purchase a 3 or 4 unit they can use the Fannie Mae conventional 5% down product that came out a little under 2 years ago.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

That MIGHT be the best program for you, but even if it is not that is what you will be sold as it their only product.

We are in the middle of major infrastructure and RE growth (res and comm) and need to know how best to handle the property we are on from both a short time and potential long term investment perspective.

Property must be habitable now - there is not  a renovation product.