Auction buying is a risk just is..

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?

You've done well with having options, now just need to decide and get on the same page. 

Look for properties where you can add value with smart, targeted renovations rather than going overboard.Financing Strategy: Since you're aware of the leverage risks, keep your financing options flexible and conservative.

Risk comes in many forms and is hard to quantify. 

Property ClassProperties are categorized by class, impacting their quality, condition, and investment profile:Class A: High-end, newly built, prime locations, attractive to institutional investors.Class B: Good quality, older than Class A, with minor deferred maintenance.Class C: Older properties with dated amenities, but value-add opportunities exist.Class D: Distressed properties in less desirable locations with high risks but potential for significant improvement.4.

Think of yourself of an asset manager, not a maintenance provider or lease-up specialist (but do those well too).3.

Ive been thinking about it as well.

Better advice is know the risks, mitigate the risks the best you can. 

Quality and risk in Cleveland and Akron neighborhoods will vary widely.