If their behavior gets bad enough, we will non-renew them at lease-end. 

There are good and bad just like non-section 8 tenants.

In a sea of bad decisions with my consultant and project manager, Melissa was a breath of fresh air.For anyone looking to invest in Cleveland, I highly recommend reaching out to Melissa Hudson.

For fippers;  due to high liability falling onto you personally if plumbing pipe pops a fitting after you close/sold to a buyer and you used a handyman to do the plumbing without the plumbing permit AND inspection;  bad things are going to happen.   

They ain't the superpower they once were, but it's still not a bad place to live. 

I've personally been burnt badly on the no permit game so we are singing in the same choir! 

My plan was to buy, improve a bit (house was not in bad shape, just need some TLC), and rent out and hold at least 2~3 years. 

I feel a bit stuck in this scenario, and I could use some advice.I'm raising some money from private investors and wanted to run some options by more experienced posters, because I'm a bit unclear as to what the best way is to structure my deals with private investors, or if there are better options that I'm not considering.Here are some rough numbers to capture a deal that is on my radar:Loan amount from investor: $110kYearly Interest Paid to Investor: 7%Monthly Rent from Property: $1300Monthly Interest-Only Payment to Investor: $642Monthly Property Taxes: $71Monthly Insurance Payment: $71Property Management fees: $104Net Cashflow: $412Now, this is not a bad outcome, and I am fine with it, but I am wondering what someone else might do differently if you were in my position - Should I charge an upfront fee to my investor (maybe $5k or so for this deal and also keep the cashflow as my monthly management fee), or would you instead use the $110k from the investor to BRRRR a bunch of deals, or would you try to just use the capital for one deal at a time?

In 2024, there is no bad marketing channel.

I would go extra on the due diligence e with this one or pass.Usually if the owner does not keep good records, it is a sign of how the treat the property, so, when they cannot provide it, I usually pass on them unless it is a killer deal...