Zillow estimate rent: $1,100, recent nearly identical comp sold at $135,000.  

My first a second properties are nearly identical in home value and rent but was able to get the second for much less with a few simple strategies. 

There's a lot of variation within that and the long-term outlook for each neighborhood is not the same.It's not uncommon to find 100 year old houses in E, S and W San Antonio, which may be good for you if that means more demand for property inspections - I'd be interested to hear your perspective.San Antonio has a unique identity with the Missions and a strong Latin culture.

It's the communities strong identity that needs to be considered, less so when you get to the burbs, but still there.

Numbers above are about identical to what you're gonna get in Cleveland. 

What you want to do is hide your money not your real estate and your identity.

@Chris TroutnerJust to clarify, the CFPB Laws and Regulations book, RESPA chapter says:Exemptions–12CFR1024.5(b)The following transactions are exempt from coverage:A loan primarily for business, commercial or agricultural purposes (definition identical to Regulation Z, 12CFR1026.3(a)(1))Essentially if your loan is for business purposes, it's exempt from RESPA and not considered a "covered loan" and solidifies your private lender from having to be licensed. 

It could also be use to hide the identity of the real buyer.

@Daniel Soyars The compensation plan is identical to the one used for value adds.

A question for experienced house flipper, Do you use LLC to flip house, or just use your own identity to do it?