What ever you're doing to find/buy/create deals is working.

Like maybe I could pull enough out from heloc on primary residence to pay off debt and then rent out my primary and use the extra cash to payoff heloc and then do another heloc once the original one is paid off.

They are really changing the shape of the city and it may become incredibly expensive to buy out there soon due to lack of housing.

Some buy to park money, others do 1031 exchanges or they simply buy them for a tax write-off. 

That being said, I don't have the information I would need to say for certain, but that sounds as if that's a high price for the asset you're considering to buy.

Quote from @Sri Reddy: I am a newbie to real estate investing and looking for guidance from the teams here to understand the sources from where we can find any small retail spaces to buy.

Owning a few typical properties in Cleveland gets you an extra $500 a month.

My husband is a contractor which gives us a leg up in flipping, but we are also curious about diversifying and buying rentals.

Make sure you buy it low enough to make it worth the trouble.

Investment Info:Single-family residence buy & hold investment.