You may want to live in a world of Wild West, anything goes business (I won't mention the orange haired political elephant in the room) but I assure you, your ignorant, uninformed, and weak defense of this sort of activity is not common.

And there's a lot of opportunities on the west side in C neighborhoods like West Blvd, but they probably don't have as high rated of a school system being in Cleveland.  

make sure to check the specific ordinances for the college area, know whats blocks you want to be on, west side of river or east, etc.. 

However, the rents are slightly lower and could potentially wipe out your monthly cashflows with one major repair.As for higher appreciation market like West/East Coast, it's more expensive, but rents are higher due to a strong labor market, there will be a certain amount of demand for those markets, but the downside is that you will need to be creative by adding more values for the property.

Maybe the west side of the river down by Parker?

So, while this property is not "printing" money like mid-west markets, this seems to be a pretty good deal here.

The cashflow in MI relative to price/cost (RV or rent to value ratio) is good enough where this strategy might work better than our east and west coast cities where RV ratios are like .3-.6% of price per month.

You have places like Springfield, Riverside and Avondale, West side etc... let's connect to talk better. 

I'm looking into the mid-west region.

Typically an investor will not get into that type of deal unless they get significant upside as there is a chance the entitlement does not work and all that $ ends up going to $0. the projects I am funding for pre development costs in VA are running 600k to 1mil .. out west here usually 100k to 200k can get you to pre lim plat..