We have a ton of Californians investing here in Cleveland so I figure you will get some value out of reading The Ultimate Guide to Grading Cleveland Neighborhoods.

In my market the very cheapest possible whole-house project would be $250ft2, medium-grade would $400ft2 and most are $800-1,000ft2 (average home price is over $1M so we're talking luxury finishes).

ROI on the deal would be about 9% - 10% on a duplex in a B grade area. 

Before you spend your money here, check out The Ultimate Guide to Grading Cleveland Neighborhoods for a lay of the land.

If you're gonna go with Cleveland as your investment market, you're really going to want to read The Ultimate Guide to Grading Cleveland Neighborhoods.

Just the inspection process and negotiating repair addendums can be a huge difference. since the multi million dollar home is built completely different than the 500k average home.. materials are different MUCH higher grade and systems are far more complex etc etc.. so it does take more work and time to close those than a 500k basic track house.

Before you spend any money here in Cleveland give The Ultimate Guide to Grading Cleveland Neighborhoods a read.

The Challenges were that it is a D-C Grade Property.

Plenty of building code considerations I'm sure given hot water heater right there.My first thought to monetize is to lease commercial grade equipment - maybe 2 stackable W/D - with revenue-sharing from a company that would provide the equipment at no up front cost and handle maintenance.

Getting that direct deposit every first of the month should help a lot in lower graded neighborhoods.