Investing in real estate in Cleveland, particularly with a budget of $40,000, is an option worth exploring.

What areas of Louisville should I tailor my search for with a budget of 100 to 150k?

This seems oversaturated and un-strategic, but I know my neighborhood well and believe I could differentiate here as well.Engagement sequence would be a mailer with a handwritten address, cold call, text follow up, cold call, email, then qualify / disqualify leads.Using my rental income, I have a ~$1k / month budget for marketing and tools.

Budget?

(Quoted about 8.5% rate on a DSCR loan, and budgeting 10% of rents for capex, 9% for PM, and 5% each for vacancy and maintenance) After-rehab rents would be about 1350-1500 based on comps.

wholesaling is difficult, and the best wholesalers spend tens of thousands of dollars on marketing to generate large numbers of leads, because so few leads are actually going to close.i did a little bit and we'd convert about 1 out of 80 leads.now, do you need a huge marketing budget? 

With the next tenant, don't make it an option for them to maintain the lawn, hire someone to do it and budget that into the rent. 

The rehab budgets are held in escrow and allow you to make draws after work is completed.

I want to do the inspection because I am afraid there is something in the electrical, plumbing or roof that may cost me way more than my budget.  

Sorry for your situation , BUT you didnt hire a Contractor , you hired Chuck in a truck .