I ultimately believe he comes from a scarcity mindset and does not want other investors in this market competing against him. 

Check out The Ultimate Guide to Grading Cleveland Neighborhoods before spending any money on a Cleveland rental property.

people in the street are dying becuase their company make less profit too, most small business in america can only survive by continous debt cycle.

That success ultimately comes down to the actions of the student.

But, ultimately, it could work if you don't mind a low ROI.It could make sense if you look at a lifestyle rather than an investment purchase and you're just happy to cover your costs.

Before you make any buys here in Cleveland, make sure you read The Ultimate Guide to Grading Cleveland Neighborhoods.

Jason Powell's comment:"buy a number of these houses, let tenants pay the individual mortgages down for you and ultimately pay it off, then live off the cash flow on the back end thanks to the portfolio of properties that you now own outright."

Wells Fargo ultimately turned me down because my specialist was completely clueless in general, and because she failed to accurately relay what I was telling her to her "internal contact" on the phone. 

Ultimately, it will come down to timing.

My  ultimate goal is to buy and hold but with the higher interest rates I am trying my hand at flipping since its difficult to cashflow with a long term rental.I am  about to complete my first flip project and  wanted to weigh my options between selling or keeping as a mid term rental. 1) I am curious how the market is fairing particularly in Garland Texas.