In cities like Cleveland, Columbus, and Cincinnati, you could buy multiple properties for the same $200K-$250K you’d spend on one in a pricier market.

@Drew Sygit wow I was considering the 30 to 40k price range but I'm seeing there may be multiple problems to be weary of from Leins to gas and water lines.

If someone came to me looking for money and was trying to invest across multiple asset classes as different as the ones you are interested in, that would leave me extremely weary.

As a lender, I see multiple parties signing a mortgage all the time.

@Tom S.1) Under the IRS multiple loan rules there is a 12 month look back period (see reference to 12 months in the IRS post) whereby the highest outstanding balance of any loan during the prior 12 months will be considered outstanding for purposes of calculating how much you can take on a subsequent loan. 

The return is generally presented as either the IRR, Equity Multiple, or Cash on Cash Return.Based on your numbers above, is the seller asking $859k for the property?

I live in California and invest in multiple states, if that matters.

Do they provide exclusive leads, or are they shared among multiple investors?

It took some digging, working closely with a title company, and negotiating with multiple parties to get it resolved, but in the end, it was a great learning experience—and a successful deal!

So accepting and approving multiple applicants is the norm?