It’s not perfect—“stuff” always happens—but the most important part of any loan is that the borrower makes a fair profit.

More important than identifying target areas is establishing relationship with a local investor-friendly professional who has personal experience in investing in Cleveland.

Considering your current W2 income, it's important to evaluate the risks.

- Run your numbers (including all operating costs including property mgmt) based on current rents in AS IS condition and renovated.

Thanks for sharing your experience, it is definitely important to hear from the good stories as well. 

Owning rental properties, including STRs, does not allow you to fund SEP IRAs.

It is important you pick a tract of land that A.

Biggest lesson here for everyone is NOT to include utilities EVER!!!!!

Bottom line I guess is whatever you do with those parcels it is important that first time home buyers can get financing long term. 

I net about 3.5-5k a month(depending on airbnb) after all expenses including my primary residence and utilities there.I have built up a good amount of equity in the houses due to the renos I've done mostly myself and also from buying low during covid.