Additionally house tenants bring more of their own appliance, like refrigerator, washer and dryer; which means tenants are responsible for repair and replacement of their own appliances. 

A lot of wholesalers lock it up at 75% - repairs and then try to move it at 80% - 85% - repairs.

As a PM, I'm authorized to make emergency repairs without owner permission.

Risk Mitigation: What strategies do you use to mitigate risks when investing in older properties in Cleveland, especially in terms of unexpected repairs or property management?

Repairs were needed and were finished by early december.

Analyze potential deals by estimating the After Repair Value (ARV), repair costs, and total expenses. 

I perhaps naively went ahead with the registration and inspection after completing purchase of the home, and wound up with a hefty repairs bill of around 3k.

Repair costs in first 1 month of owning (this is renovated house done by seller, not me.

There are never full photos of the mechanicals and basement and roof line so you will never have even a bare inkling of what the potential repairs will be.

Each of the 5 warehouses on this campus will require updates (construction of offices/bathrooms, roof repairs, paint, siding repairs, new penetrations for doors, updates to electrical, insulation, and extension of water and sewer).