I am more interested in safer investments even if it means less cash flow.I am interested in areas with no lead paint so I am thinking either Akron or Lorraine?

Rehab consisted of complete gut renovation of kitchen/dining area, new hardwood floors and refreshed bathrooms (new vanity and paint).I am bullish about the long-term appreciation prospects of the property and have trouble envisioning the hold strategy over the next 10-15 years. 

4) No underlayment for the flooring in the kitchen, and the thin floor tile needs to be trashed and the whole thing re-doneThe only thing this contractor seemed to be experienced at is framing, drywall and painting.

I'm sorry you had a difficult time with the one title claim you had to file but please don't paint with such a broad brush with such a limited experience. 

And somewhere along the line, while waiting for the make ready or the new tenant, vandals rip and strip the vacant property and now, the $1500 make ready is a $3,000 to $10,000 renovation  . . .So on your cheap properties with high revenues - PLEASE PLEASE PLEASE bank that rental income because maybe not next week or next month, but sometime in the next year or two, you may have to replace the copper plumbing, copper wiring, AC Condenser unit - anything that had copper in it and also need to replaced and everything damaged in the process needs to be fixed.

Ripping you off how ever many thousands of dollars when the thing you need most at the start is capital, is completely misaligned. 

During our journey in the past, there are few bad experience that we got ripped off, so this time, I am going to do my research and try to make the right decision.

Paint it yourself. 

All appliances (washer dryer, refrigerator, dishwasher, stove), paint thru the unitDo you think it's doable for under 15k for labor, material, appliances?  

Removed a few walls and painted the kitchen.