Plus, if the property is in a desirable location, you may have little trouble finding tenants.However, there are potential cons to be mindful of.

Cleveland and Dayton can be great markets for high cash flow and low purchase prices, but you need to be careful when navigating the neighborhoods so you're not buying in a D/F class area where no property managers will manage and where you'll never see any positive cash flow.

Property values only going up up up for decades. 

I’ve managed my fair share of properties, and the number one way I’ve gotten property management clients is by helping them solve a problem.

@Zack Whiting - You are in a top tier market for investment properties!

using this form of financing is a great way to acquire/fix a property but if you are looking to hold long term you would want to find long term financing. 

Quote from @Ngozi Iwunze: Hello BP community, I'm closing on a property in Downtown Cumberland Maryland.

I would think this model works best if the property is close to you.

It can be in the real estate industry, property management, construction, lending etc.

Hi All,I have old property.