If you buy a high cash flow property in Cleveland, over 5-10 years you will most likely break even on the cash flow or just be treading water.

Chicago isn't going anywhere.Compare that to other cities in Florida, I think the population growth is amazing but long term with hurricanes/climate change, it will be harder and harder to own there. 

@Mitchell TruongFrom the research I've done, Ohio is a great state for several reasons: it's a landlord friendly state, cap rates are 6-8%, even higher in some pockets, relatively low vacancy, lots of job growth and some population growth.

Bob is right, you can get some high rent amounts from CMHA, but it's not always guaranteed. 

I also understand that the Mexicans are trying to welcome us as well as they can while providing a decent livelihood to their population.

I'd suggest checking in with some social service organizations within a few miles of the property to see if they work with people/populations in the area looking for this type of house.

@Gregory SchwartzIf you're not worried about Property Management tracking, and more so looking to keep tabs on your personal/business progress, I highly recommend Monday.com. 

I believe $1200 spread over 12 months for painting 2 rooms is a little high (i just paid $4k for painter to texture walls and paint (prime and paint) walls and ceilings in 1350’ unit), but not as outrageously high as some posts imply. 

Education (K-12, High Ed, Trade Schools) 2.

Looking for a high LTV DSCR option given this property should reasonably be priced nearer to or upwards of $425k given the cash flow its generating.