First time reading this term. 

Sup dawg. 1st thing i'd do when looking at Cleveland is give The Ultimate Guide to Grading Cleveland Neighborhoods a read.

I read your post a few hours ago and started thinking about. 

I would suggest getting Dave Ramsey's book called The Total Money Makeover and read that.

Please let me know what you think.thank you for taking the time to read through this. 

I was reading online that it was 2.3%.

Nope, time to read a book on RE!

Thanks for the feedback and contributions.

It was reassuring reading some of the comments here regarding it being an investment and not a charity.

You can do less than 20% down (as low as 3.5-5%) if you intend to occupy the home for at least a year.2) There will be an HOA (homeowners association) which restricts rentals, so be sure to read the CC&Rs (governing documents) to ensure that your rental strategy is allowed, even if you intend to live there at first, eventually you'll be transitioning it to an investment property, so this will be important.