Quote from @Richard Schubert: Under contract for my 3rd SFR in Akron, Ohio.

Oh, I’ve seen it before.

I would focus on "Ugly inventory" but would pass an appraisal and not be "Subject to" so that I can renovate and refinance on the ARV in as little as 6 months to pull out my initial capital and enough to put down on the next REI.On the flip side Indiana and Ohio would also offer a sale price to cash flow ratio since you can still find a great deal in both states.  

Looks like a normal C- Ohio crapbox.

Live in the Columbus Ohio area.  

Geographically, Michigan, New York and Ohio are great states to invest in with low barriers to entry. 

Oh no...thanks for this heads up!

Columbus, OH neighborhoods such as Linden and Hilltop are great locations for section 8 rentals.

Ohio is a lengthy foreclosure state and many fees not recoverable0% interest and they don’t pay then you are losing money every month as they have no incentive to payLastly having it at 0% and over priced from its value means if they don’t get a tenant then they just walk away as property is so upside down.If it was me as a seller these are awful terms as a seller.  

Purchase price: $535,000 Cash invested: $133,750 Long term commercial investment in Rocky River, Ohio What made you interested in investing in this type of deal?