On the other side, their belt tightening further decreased the demand against a then growing supply causing the prices to tank.

@Darshil Parikh sounds like a very thin deal to me...especially given the high price point and potential for decrease in values in the near future

Hopefully utilities are being paid by the tenants so you're not decreasing your expenses, and if they are not, the higher efficient furnace probably is still not going to improve the ROI enough to be worth consider.

@Davere Currie not sure what your investment goals are, but keep in mind Cleveland is a dying metro with consistent net population decrease.

Try to have that part figured out already.Go to meetups (virtual these days) and network with others who are like minded.Also, while there is a ton of information for free online, don't be opposed to paying for a mentor or coach, they can usually increase the amount of knowledge you will gain and decrease the amount of time it takes to absorb.

When I'm ready, I intend to mortgage my money out of it, looking for a valuation based on the increased NOI and decreased cap rate. 

Some of the mortgage stocks have gotten so cheap they are paying a >10% dividend (share price is the denominator in the ROI division, so as that goes down without the dividend decreasing proportionately, it forces ROI up, because math).

Again, just the fact alone they missed the SF on the first report that decreased the value by 3000. 

We haven’t seen a decrease in property values yet, but it’s still a bit too early to tell. 

You do need to come in with at least 50% down payment but those numbers decrease the older you are.