Hi Akshay,As a real estate agent and investor here in the Cleveland market I can confidently say that there are plenty of BRRR opportunities in Cleveland.

P and Z  is on board as this will increase the financial  sustainability of my small farm.

Unless you're 110% confident in the MF purchase and you can drive up the value of the building quickly (6-12 months) and then secure longer-term fixed financing to pay off the HELOC or loan. 

As well, in 8 months the home value has increased by $25,113, averaging between 10-13% growth per annum.

I "could" make higher returns on my equity if I borrowed, but it also increases the risk.  

Since the goal is to revitalize these areas, property values—both for homes and rental properties—are expected to increase as the neighborhood improves.Community Impact:Of course, the main goal of any investment is to generate a profitable return.

Unless you are planning on renting by the room, I don't think this will increase your rent.

With the interest rates cash flow with rent increases blends up and mortgage amount blends down.

I was interested in this deal because of its proximity to a planned casino development in Bessemer City, which promised to bring jobs, economic growth, and increased housing demand to the area.

Taller height + flexible access points could increase its value!