Cleveland offers strong rental yields, so you might want to look into multi-family properties.Wishing you all the best.

They either serve mom and pop with their personal checking and vacation loans, or multi $ billion deals. 

That knowledge gave me the confidence to take on short-term rentals as part of my investment strategy moving forward.The First DealIn May 2024, while my girlfriend and I were traveling, she found a multi-family property in a city near us.

Maybe with a 10 unit multi but still, very heavy lift.

I'm looking at a multi-cabin STR deal that pencils out well from % a return perspective, but would involve an annoying amount of complexity managing guests when I consider the actual return in dollars I would be receiving.

If it is not set up with systems and people in place to run it you will be mainly selling your book of business.

I’ve had it where they went and did a special project just to look at multi-family properties to bring them more into agreement with todays valuations, etc

I've been flipping houses and investing in multi-family properties for several years now, but I've hit a bit of a snag recently.

Ideally, we'd love to find a duplex or multi-family property with the potential to live in and rent out.

I wanted to share the financials after 3 years, and demonstrate what three years of real estate investing can achiev3 Bed/1 Ba Single Family Pro-Forma:Year 1 (2021)Income:Rent: $1,200.00Expenses:Mortgage: $509.95Taxes: $119.10Insurance: $43.84Cap Ex: $60Repairs/Maintenance: $60Vacancy: $60Monthly Cashflow:$347.11/mo or $4,165.32/yrYear 3 (2024)Income:Rent: $1,300.00Additional Pet Rent: $75Expenses:Mortgage: $509.95Taxes: $155.43Insurance: $53.03Cap Ex: $68.75Repairs/Maintenance: $68.75Vacancy: $58.75Monthly Cashflow:$450/mo or $5,400/yr (Total/Not 50/50 %)Total Equity: $37,473.88-Principal Equity: $7,959.62I have learned a lot about the systems needed in place to run a rental property, and how important picking the right tenant is.