I guess I was looking at this as a low-cost of entry type of property that could provide some cashflow.

In some very attractive markets like coastal cities I can see it being worth it not to rent the unit or rent it only under very limited circumstances in the low season because the high season is just too lucrative to allow anything to affect those bookings.

Why would they make an offer for seller financing with a low downpayment but show they have $700K in the bank.

Had an exceptional outcome.All in at $450,000 and the appraised value of the property is $875,000 on the low end.

And I buy the seller carry back notes for those that want to cash out.I agree with jack Bosch I saw him at a rich dad event and his stuff was very dated.Its not a complicated model you buy low sell for more..

@Travis Smock A cost segregation study could benefit your 6-unit property by accelerating depreciation, even on a lower-value property like yours, especially with low land value.

You need comparable sales BEFORE you spend $175 or the appraisal will come low to your expectations.

If you're looking at Cleveland, I suggest reading The Ultimate Guide to Grading Cleveland Neighborhoods to get yourself an understanding on the market. thank you!

If you want more info on Cleveland you should read The Ultimate Guide to Grading Cleveland Neighborhoods.

C-class neighborhoods there are ideal for Section 8 and long-term renters.