There are a handful of gulf front complexes that still cash flow positively but you need to be very careful as to which complex you choose as not all complexes and especially HOA's are created or managed equally. 

For more insights on investing in such properties in Cleveland, click HERE to reach out.You mentioned putting 25% down in your first post. 25% of $187K equals $46,700, plus you need to account for closing costs.

I am planning to build a business to replace my income in couple of years so as to have monthly cash flow equal to my W2 income.

Section 8 = shouldn't equal having to live with vermin, etc.

Some will require to use the lowest credit score while others will just require the majority owner or use the highest if all equal.

The lawsuit states that the Governor of Connecticut overstepped his bounds and violated property owners' rights to private contract, equal protection, and their right from having their property taken for public use without sufficient compensation when implementing the statewide eviction moratorium.   

Equity and cash flow are equally important when deciding whether to pull money out.If you can put the equity to work by adding another property while still having a nice cushion on your cash flow, then I would say definitely yes.  

Quote from @Michael Izbotsky: @Ashish Acharya My SMLLC was created after we married, so couldn't that argument carry over that the LLC is "owned equally by both spouses"?

If you buy in such a city, you are almost guaranteed to have limited appreciation and rent growth.If a city has significant and sustained population growth, then the current housing supply will be insufficient and prices will rise until the demand (the number of people willing and able to buy) roughly equals supply.Rental rates are closely tied to property prices.

Slowly moving projects when forced to by clients.I should have fired him 2 years ago but I was pot committed and didn't have the balls to start over with a new consultant.What I learned is that moving on quickly from an underperforming consultant is vital.