There are lots of lemons in the various center city areas. 

Quote from @Makani Donaldson: From what I understand, different islands or cities have different rules, and they are getting stricter.

Worried about the city cracking down.  

I’d recommend listening to the straight up Chicago investor podcast for local information, going to the variety of meetups that are in this great city, and meeting a lot of the people posting here. 

I work as an acquisitions associate with BPG Holdings, a local real estate investment fund in Alexandria, and also work as a realtor for our fund's brokerage team, assisting clients with investment properties in the D.C. metro area.I've recently created a series of reports focused on the city of Alexandria and its sub-market development prospects, which I believe alongside other macro trends will make the city an amazing buy-and-hold investment for real estate investors.

I have a client in Kansas City that does this.

The tricky part will be to get the the city to change your property's zoning to multi family (if it isn't already).

I don't know CLE per se (I'm based in STL), but I know the financial side of gut rehabs in urban centers of big cities.

I am moving from Kansas City Missouri.

Then later on purchase homes with cash (single family homes), I would like to learn how to read the market and know where a state or city is thriving but also learn where it's not.