I know you said you don’t expect anything major on the properties soon, but I would take a careful look at what is most likely to need to be replaced soon and figure out how you would pay for that if it needed to be done tomorrow.

Hi Timothy,We have a phenomenal BRRRR product. 

+I've researched something called an FHA Construction loan in terms of financing this project, but it seems that most large banks don't offer that product.

You can generally go up to 75% LTV on these products so long as the anticipated PITI is 1:1 with the gross rent.

The asking price is under $125k and like mentioned earlier, the renovations would be 50% so there are major repairs (not move-in ready). 

Not to say that you'd pick crappy materials, but contractors with experience have manufacturers and suppliers that they know guarantee their products and that helps them know they can stand behind their work. 

I don't think 95% fail, I think a vast majority of that don't try.  

It's tough to give a definitive answer without knowing your specific investment goals (cash flow, appreciation, etc.) and preferred strategies (BRRRR, wholesaling, etc.).However, since I'm a Cleveland native and active in the real estate market here, I can offer some insights on why Cleveland could be a good fit:Affordability: Compared to many other major metros, Cleveland offers a relatively low barrier to entry.

I'm a 20x AirBnb superhost who realized I have more productive uses of my time than hosting directly.

We tend to stay just below our competition with a superior product.