Quote from @James Wise: Quote from @Jinglei Shen: I am building my investment portfolio(duplex) in Ohio Cleveland, a few properties i have analyzed  with net cashflow  around $100 to $290 here is one deal I am analyzingDuplex generates $1590 income /month together,purchase price $123,000rate 7.5%, downpayment 25%5% vacancy, 10% mgm fee, $1400/year insurance,10% capex, 5% maintenance,COC is 8.73%monthly net cash $277this deal meets1% rule, bring in positive cash, my question is it in normal range in Ohio Cleveland market? 

Amidst this uncertainty, some people suggest that it may be wise to not rush the property in December but wait until 2025.

You are wise to limit your scope to a particular type of company.I have been in the industry for the past two decades, and from my years in the business, I can recommend a couple of other companies outside of my family. 

When analyzing a deal, what is the minimum cap rate for what you envision as a wise investment in today's market?

"A smart person learns from his mistakes, but a truly wise person learns from the mistakes of others" - Ken Schramm

Quote from @James Wise: Quote from @Veronica Morss: I just finished rehab on my first Cleveland property and we're waiting on the lead certificate to come back which I'm told 30-60 days.

Since are closing in on renewal time it may be wise to have a firm conversation with her with expectations on lay payments as well as an increase of rent.

How many people percentage wise can afford a $550k(median home price) at these rates now?

Age wise that's not bad and is pretty typical for investment class assets here in Memphis.

I am wondering if I used some of the money I received from the sell to pay off my debt if that would be financially wise vs using it towards the purchase of my next place?