This doesn't include closing costs, commissions, taxes, and others.Maybe I am not doing it correctly, but can you clarify. 

I buy correctly so appreciation is good and sometimes great, cash flow is king because it helps to pay down dept.

Work life balance is valuable.I personally believe you are on the correct path for you with passive investing of syndications. 

Regardless of the locale, most people who bought in 2021 and 2022 overpaid, and those prices are now correcting toward some semblance of normalcy.  

You can read for yourself here: https://www.clevelandheights.gov/205/Point-of-Sale-Inspectio....If I understand correctly, they must disclose it before they can accept your offer and they should make the required repairs before they can sell the home so that you have a clean Certificate of Compliance.

I would even demand he stop work on the renovation so you can put it in the hands of someone that understands the importance of communication, fiduciary responsibility, etc.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

Correct, I get that with little to no risk for doing nothing in a HYSA. 

@Solen KebedeTo manage a house-sharing property effectively, establish clear communication channels with tenants, automate rent collection, create a solid lease agreement, have a local support system, screen tenants thoroughly, use remote management technology, plan for vacancies, consider professional management, and prepare for your move.

@Laura Ozols - Your research isn't exactly correct.

I am not sure if they are correct in their assessment of the market, but definitely worth noting as it is happening a lot right now.