My brother had access to the other $160K but ultimately purchased a 4-plex two months later using his own money instead.Currently, its written that if my brother doesn't use the funds then he gets 160k value from the estate extra, as I used my half already but then my dad suggested a 2% annual appreciation on that amount seems fair on the 160k for him, and now he believes it should match his home’s appreciation, which is roughly 5% per year.

@Nicole Heasley that’s a great suggestion.

I highly suggest working with an investor friendly agent so you don't buy in the wrong locations.I like the west side of Cleveland.

I want to profit off the interest rate and perhaps offer 6% rate on what is left on the mortgage.

Too bad that BiggerPockets does not offer an LOL reaction. 

But back before rates were reduced below the 100 year average, how many "Days on Market" could an average property expect to be on the MLS before getting a bona fide offer?

I'd love to find out a little more if you are willing to share, about your suggestions for someone just getting started, albeit late in life.

Outside of that, unless it's a STR, I'd base it more on what my competition is offering, and might consider adding something if I thought it might drive better rents and give me an edge. 

Investing in a vacant property in Cleveland offers the advantage of setting your own leasing terms and screening tenants to ensure they work for you.

Looking for help and suggestions- I want to say I have learned my lesson and now know to use a third party to hold funds.This is my first time working with a private lender/family member.