The wholesalers in Philly are comparatively decent in my opinion and there are still deals there.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

If this is not something you're interested in delving into and learning to a high degree, then investing in publicly traded REITs would be another good option for you, which have historically returned about 13.5 per cent Per year over the past 50 years (1977-present), beating the US stock market by two per cent and even beating private real estate investing by 4 per cent (that's compared with the average real estate investor, not the experts here at Bigger Pockets).

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

Can they be more hands-off compared to other types of businesses?

It's tough to give a definitive answer without knowing your specific investment goals (cash flow, appreciation, etc.) and preferred strategies (BRRRR, wholesaling, etc.).However, since I'm a Cleveland native and active in the real estate market here, I can offer some insights on why Cleveland could be a good fit:Affordability: Compared to many other major metros, Cleveland offers a relatively low barrier to entry.

Things like your ADR, photo quality, current ratings, the number of reviews compared to your rating, and, of course, listing optimization (SEO).

PS  my Detroit section 8 folks were not the easiest .. compared to the bible belt..  

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I am such a novice and only just starting my small multifamily property investment... very "boring" compared to what you are doing!