Buy box: Location: Approx. 30 min drive to Boston Heights, for workNeighborhoods: Decent walkability score - not far from shops/restaurants/trendy neighborhoodsIdeal tenants: Close to hospitals/universities/schools for professionals/students/familiesBudget: $175-250K - Buying w/conventional loan, 5% down/ approx 20K reno.Property type: MFH 2-4 units - preferably side-by-side, with a yard we can fence for our dogUnits: 3+/1+ - better if 1.5/2 bath per unitTimeline: Plan to live there for 2 years, but possibly only 1 year if we find another investment opportunityGoal: Focus on appreciation - would like to see cash flow in year 2-3 (the year we move out), including overhead (Vacancies, Maintenance, Utilities) and budgeting in PM if eventually we don't manage ourselvesValue add: Opportunity for some forced appreciation, but not a full reno - cosmetic upgrades and updating kitchens/baths while we live in one unit.

Cleveland is cash flow, we do build to rent in columbus urban infill where prices are the highest and land prices make sense. rents are good and on a DSCR can pull out cash and do again. easy scalable strategy and sell the portfolio eventually 1031 into something greater.

Purchase price: $225,000 Cash invested: $60,000 4 unit Brick. 2 BR 1 Bath units rent for $725.

I am interested in seeing if their forecasted IPDs including cash flow, ROI, etc is accurate to their projections. 

Awesome job with getting a cash flowing property!

VA loans are assumable but the key is you will have to bring in cash the difference between the asking price and the current loan. 

Finding cash flow in today's market is definitely a challenge.

I will play them for fools, and take advantage of there ignorance to the most maximum benefit of my buyers 100%. 

Many heirs prefer this because it means quick cash (or a check) without having to go through an estate sale company and pay commissions.

You are missing my point on taxes.Scenario 1:  Your partner buys the house at the same time you put your cash in.