Conversely, if you invest on the east side of Cleveland, your numbers could show impressive cash flow.

I have really good income & have good credit -middle score is 768. 

With middle 700 credit scores you can push your rate into the mid 6s today.

I can tell you if you need to follow the telephone recording requirements for note collections and having a collections activity log but I can't just answer how do I learn.......at east beyond what I've mentioned.

A seller and I are going to be under contract soon for a 13 acre parcel in middle TN.

I have dozens of clients doing this in New Jersey most of which come from no construction background, they simply use preferred vendors we have in place (not GC's) which lowers renovations cost because there is no middle man. 

Somewhere in the middle may be an LTR owner who is used to doing the hard work of tenant selection, routine maintenance, and rent collection.If that owner is used to doing all of that work to receive their monthly rent, would it be appealing to enter into a business-to-business lease with an MTR arbitrage operator?

-East NashvilleA fantastic market overall for just about anything. 

Side note I have one landlord friend who actually has his renew in the middle of winter so they can't find another place.

The west has a completely different scale of size than out east..