My goal is to achieve financial freedom by age 36 and to understand various aspects such as investing education, strategies, business planning, properties, marketing, and exit strategies.

This deal was on market but was overlooked by most investors who either didn't understand section 8 programs, landlord tenants laws, or underestimated the current market rents because the rents in place were so low.

They say you should focus on one market and get to know it in and out.

I would also consider MTR in these markets as it is highly profitable with less turnover and more options for guests.

Quote from @Felicia Nitu: Quote from @Jay Hinrichs: hope it works.. but throwing in the affordable housing requirement a lot of times kills the project right there.Also at least in markets I have worked the time lines START from completed submission.. you make your submission and then get an incomplete letter this goes on for months and months soo time lines still extend.. but at least its a step in the right direction hope if works.Hi Jay, the affordable housing requirement can definitely be a dealbreaker for some projects.

SF Has a broader market appeal since you can sell to investors and owner/occupants. 

My local market is cost prohibitive to invest in and the thought of assembling a "team" of unknowns in another market was scary. 

A lot of different strategies work very well in the Cleveland market.

I'd sell #1, even if you have to take a loss on your equity.The market does go up over time, but most markets seem to be stagnant right now, so when does that change?   

Have you explored any other markets?