So by utilizing leverage you earned $200 more.  

If it's the difference between $1800 and $2200 but you have to cover utilities too, not worth it. 

Would also love to connect with experienced Cleveland rental investors.Much Thanks I see this is a 5-month-old post, how many have you picked up? 

all materials, all labor costs to others, Not you, utilities, interest payments, permits, licenses, auto/truck expenses, tools needed are all deductable. 

A couple problems dividing a property and selling in a “Timely” manner and then picking exchange properties of equal or greater value than the lots you sale.  

We will shop for used appliances where we can when we need one… or pick up used cabinets if we can, or search eBay for something smaller,  but going to the extreme of personally shipping something big in internationally for one-off renovation needs seems like a stretch of reasonable.Just like you mention, the number of unknowns would not seem to be worth it to me.Just my 2 cents.Randy  

For example, I have a subject property that has 1682 SF on the main floor and 810 SF of finished basement (the majority of which is about 8 feet in height with the exception of some bulkheads to hide the mechanicals) and 271 of semi-finished basement that is a utility room basically (washer/dryer, freezer, hot water heater, furnace, some storage).

I’m looking forward to learning from your experiences and sharing any insights I’ve picked up along the way!

Where you pick will depend on your goals for cash flow and your budget to buy.

How messed up the other utilities are, how much has to get torn up and infrastructure done before any rebuilding can take place.