I don't know anything specific about the Cincy market (and what the type of neighborhood this one is in - (A, B, C, etc.), but I've been told it's very similar to where I live in St.

As-is cap rate of 7.5% in my market (kc) would be pretty awesome to buy. 

At that percentage on that rent amount I suspect it is not all inclusive, but I do not know that market.  

You have many people who say midwest markets are now appreciation markets, but I disagree with that statement.

.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers.  

Most, if not all are in older neighborhoods without a HOA and on the bus line. 

@Dennis KnappJ Scotts book on estimating rehab costs is a great start. https://store.biggerpockets.com/products/the-book-on-estimat...Here is a "general" rule of thumb for my market in Jacksonville, FL.

Start by exploring books, YouTube channels, market research, and analyzing trends in neighborhoods.

C & D neighborhoods in an around Cleveland would probably be what you want to do.

I have looked at other coastal markets that are less expensive than Charleston proper.