Give The Ultimate Guide to Grading Cleveland Neighborhoods a read to see which neighborhoods fit your appetite for risk. 

I would just excavate a few 2'x2'x2' (or larger if possible) spot footings, w rebar and Simpson hardware,under the house (you will want to take up the floor to make this easier to do).

Hi Terrence, welcome to the world of rental property investing—it’s an exciting journey, and you’ve picked a great spot to start!

Good writeup, I think you are spot on. 

Bigger Pockets is definitely the right spot to get started. 

The theory is spot on, in practice however that logic rarely plays out - at least in recent years where multifamily has been crazy.

Once you know that, you'll be able to spot one that might have a better return than 'normal'.

But if the mortgage is 2k or 3k then I'll be in a tough spot. 

That's most likely going to be a C- neighborhood or lower so there could be more perceived scale to BRRRR, but a tougher decision on how to renovate at that price point and possibly harder tenancies.I would get to real estate investor meetups in your area.

Things are going well so far - I am using Grant Shipman's model (LivingSmith) instead of padsplit, which works great for me.How nice are the neighborhoods you invest in?