You just trusted, but didn't verify.This is an excellent thread to remind folks to do your own damn diligence.

@Phillip Austin Rent by the room investing is an excellent strategy.

Quote from @Marcus Bledsoe: This is an excellent thread @Jonathan Greene.

If you’re referring to the “newbies” with $10k to their name that watch a video by Pace and get excited and pay for joining, go out with their last $5k and do a sub to with a “desperate” homeowner without revealing all the possible consequences (because they are unaware of the consequences through lack of experience and lack of knowledge and or choose not to inform the seller) then I agree, it’s probably going to turn out badly for all concerned.If on the other hand you’re referring to a seasoned investor with excellent credit, significant cash reserves, who wants to add a property to their portfolio without going through loan qualifying, and can pay enough to give the seller “walking away” money because of the low existing interest rates and or, and is dealing with a informed seller, then I find nothing wrong or negative about the transaction.  

There are excellent deals available this time of year, but the inflated prices of small multifamily properties can make finding a good deal challenging.

On paper some of these buildings had amazing metrics, excellent cash on cash returns, cap rates, etc, but when I looked at the buildings I found the neighborhoods were rough, there was poor management in place, there was lots of deferred maintenance to address.

I don't know any excellent neighborhood in America that genuinely likes renters in their neighborhoods.

I personally use Excel for everything!

Given your criteria, Cleveland presents an excellent opportunity.

I have been pleased with it and not just tons of excellent info and resources, but great interaction along with accountability with the focus on taking action.