I've been advocating against rental inspections for years, yet there's been no traction at the state level.

Taking action isn't always buying, it's gaining confidence to transact and knowing when they time and asset class is right for you.

And the appreciation in Cleveland was almost non-existent until the past few years, so I wouldn't count on big gains over time.You also have to remember things change over time.

Buy the rock solid rental and get your appreciation, cash flow, depreciation, principal pay down, equity capture on a discounted by and forced appreciation gain for a well targeted rehab.  

What value is it gaining?

Returns on cash invested will be huge when you factor in the appreciation gains.

There are plenty of great markets in North Jersey close to NYC with the possibility of equity gains and high rents. 

You're missing one factor: That you can sell your property and probably not pay capital gains since you've lived in the property for 2 our of the last 5 years.I'd split, sell and take the money (or most of it) cap gains free.

Whether you’re looking to gain insights into financing strategies or want to discuss potential investment opportunities, I’m here to help you on your journey to becoming an investor yourself.Feel free to reach out if you want to chat or explore ways we can collaborate.

This person told me they were doing a lease option with the owner to gain ownership from paying the back taxes.