The relatively low initial investment combined with Chattanooga’s rising real estate market presented an excellent opportunity for a quick, profitable turnaround.

Initially, I planned to finish the attic, add a bathroom and bedroom, and create a first-floor master suite, turning it into a 3/2.

I think they are bigger than I had in initially assumed.

Good evening,I'm an investor out of state, the owner of a single family home in Cleveland.My property manager told me that the city of Cleveland has initiated a new lead based paint certification, moreover this certification will be mandatory every 2 yearsIs this true?

Most investors I come across say you should make your initial offer at least 75-80% below asking price. 

@Ray HageI agree as I would stay away from condos as between special assessments and increase of fees, what is the risk vs reward.Many of these buildings are run by people who are not property managers or have development experience and lack the knowledge to properly run the propertyAlso many don’t realize that on older buildings your initial estimate will be 30-50% less once the work starts, especially on older concrete buildings that are susceptible to deterioration due to the weather in these areas (especially the salt)

Really silly.Do lead generation the only way it works.Motivated sellers need to take the initiative to find you.That is how it is done.Here is an other good one that will make you laugh.Everyone here that tells you to do DMM... eventually went to GOOGLE, to find good companies that send out maielrs... they went to GOOGLE to do reseach on what he best method is to do mailers, pst cards etc.

We're most likely looking at multi-family (initially) in lower cost of living regions simply to make it affordable for us to get into the game. 

I would recommend you google Cleveland "Residents First Initiative " .

In these initial stages, focus on building your core4 of agent/deal finder, lender, property manager, and contractor for the market.