Section 8  rates (and lower) will also give you a rough idea of what your market rent will be.Yours is an object lesson in the mistake of buying what you can afford up front rather than what is a good opportunity.People just starting out should only buy local, that they themselves can inspect and get a feel for.

There are several objectives on this investment:  A. 

In addition, since the rule changes, it seems like many agents are delaying the whole conversation until the very last minute when the buyer has little or no opportunity to object, research, or think about what they are agreeing to, without risking losing the home they just decided to offer on.

I acknowledge I made numerous mistakes, but I do think I have a lot working to my advantage here.

While I could elaborate on numerous other areas, these highlights should give you a good starting point for your investment journey in Cleveland.

It is objectively not a good time to acquire Class A multifamily assets.

I've seen numerous QI's fail during my 40 years in the business, and most of the failures would have been prevented had their been government oversight. 

But, I have used this strategy numerous times when time was much more important than money to a seller.

As you mentioned, it depends on numerous factors, with pay history being a big one.

You identify the problem (lack of deposit) during your inspection phase, then hit them with an objection that requires them to pay you a deposit at closing.