We should see a continued rise in inventories going into next year, which is normal for this time of year.

There's some excellent relevant & recent material from very high quality individuals on this forum.

For active investments I advocate considering how you can diversify WITHOUT ceding your competitive advantage nor the superior profitability of the niche your in.As an example my business is running an investment fund and syndication high interest commercial mortgage loans secured by income producing real estate. 

I would recommend saving a little more.From what I've read about Cleveland is that you need to be concerned with high crime.

In regards to selling an apartment building with 20 units and selling single family homes.

A few months back, a fellow broker brought me a pocket listing for a newly built and stabilized 32 unit apartment complex. 

Now, if you listen carefully you will find that he too found some of the same things that others mentioned...no deals in Austin, prices were too high...but then he adjusted his approach and nailed it!

I HIGHLY suggest you connect with a local expert such as @Josh Green.

Typically, the initial upfront for the rehab is either cash or a high interest loan (hard money or private). 

Their fill hose sprung a leak or something and hundreds of gallons of water poured into the apartment below them.