So you as an owner, would you be willing to ask for less to have your property rented quicker and "lose" the extra $1200 or so per year or would you rather lose that $1200 per month because your property is sitting vacant.In regards to demand, Cleveland is one of the top Sec8 markets out there. 

Removing a wall could add value to the home in theory, but for some rental areas, having extra rooms helps.

If the answer to both added questions would be "yes", then you have a potential goldmine here.Combining the seller's concerns, and the reality of a big down payment being a negative to the seller (see Q: 1), you should be able to set the terms, with a lower DP, and controlled interest rate, to have this property CF and,...be able to sell the package to another REI down the road,...as long as you buy this using an LLC (a new one). 

Sometimes it's better to only put the minimum down because the break isn't significant enough when you put down the extra 5%. 

I added value by doing cosmetic updates and transforming the curb-appeal.What was the outcome?

I'd want to know more information to make a good recommendation, but it sounds like you would have a strong argument if everything else is the same except for location.MP tasksTenant Management:Showing properties, screening applicants, and preparing leasesWelcoming tenants and addressing inquiriesCollecting rent and managing evictionsProperty Maintenance:Cleaning, repairs, and inspectionsAdministrative & Marketing:Supervising staff, purchasing supplies, and promoting rentals (ads and website)

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $925,000

Cash invested: $200,000

13 Unit Multifamily property in the Waveland neighborhood of Des Moines, Iow...

Hey Erik,a youtube ad led me to them nothing in specific. 

I get a lot of ads on my Facebook feed regarding investments that may do that looking to hear from someone that is been successful in reducing the liability and not lose money on the new investment

How quickly is the listing added to the MLS?