If the seller handles the repairs, it’s usually not an issue, but you want to verfiy what your lender requires.Cleveland Heights checks a lot of your boxes (hospitals, strong tenant pool, walkability, and appreciation potential).

If you are interested and willing to house hack it is a good way to gain experience dealing with some of the issues you would face as a landlord, but definitely subdued since you are also living there. 

Can anyone recommend good companies to root cause  and implement solution to fix this issue?

Most people doing creative finance downplay this explosive issue.

https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

Now I can see some builders having an issue with comps.. but other than that its crazy to take these funds as income and then pay tax and plow it right back in.. 

Your main issues will be eggress, as usual in a basement.

I don't think the pm is the issue as others have already harped on this.

One of the issues in the “calculations” of the “velocity” believers is that they do no accounting for the time value of money.

She’s currently not paying rent, and while she has some health issues and no stable income, she’s been communicative and open to general talks, with a possible option to vacate through a cash-for-keys arrangement, though this might take around six weeks and some hard work.I plan to rehab the property and eventually rent it out, potentially to a Section 8 tenant.