Im not suggesting anything about your intentions but it should be mentioned that lending is no longer comparable to gambling. 

You could always hope you'll see some appreciation, but from what I have read doing so is a gamble at best.

Low quality assets in okay locations throw off cash flow (sometimes) but generally do not have long term appreciation or high quality dirt value for redevelopment in future years.Some areas do have massive transformations but those are big gambles over time.

A lot of people think Eastlake will continue to gentrify, but it's a gamble. 

Buy in midwest and take some to the casino to gamble lol.

I think it is more suitable for flips or just gambling on appreciation lol.

that's the best route.. also cost of living is only cheaper basically in one area cost of real estate.. food is food insurance is insurance taxs are taxs and taxs in Cleveland are probably higher than Denver.. and in the high end of Cleveland real estate the tax's you pay for a home may mitigate the idea of its cheaperAnyway good luck with the move.. and oh nice gamble in Denver you know appreciation is gambling on this site but someone has to get it  LOL

I call it gambling not investing :-).

This is conservative, when you're quietly bankrupt you can't afford to gamble with your money, so keep it close and make it count toward the ultimate goal, financial freedom!

Not the time to gamble on the rookie sponsor.