Do your homework, build a team, and avoid analysis paralysis.  

I found a brand new project and it's about 1450 SF and it's a modern building with parking with a shared elevator, stairs, and lobby. 

We build a triplex for that reason.

I highly recommend working with him, but only if you're willing to put in the effort to build a business and though leadership brand!

John T Reed, a well-known real estate investor with excellent scruples and a strong moral compass, explains it well in his article.

So, we obtain a full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc. to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyWe also obtain data from national databases about evictions, convictions, and sex-offender histories.

Thanks Gary ColapricoWhile my main focus is property management, and I’m not as involved in the fix & flip market, I do know that Cleveland offers affordable entry prices and strong buyer demand in certain areas. 

For the rental though there isn't a strong advantage to waiting. 

With median list prices and price per square foot increasing month over month, it's a fantastic time for sellers, and the decrease in days on market highlights the strong demand in the area.

Estimated costs range from $500–$1,000 annually, depending on the complexity of their LLC and rental activity.For Partner 2 ($148K joint income, W-2, 1099 income, 1 rental, 2 kids), a CPA is strongly recommended.