Meanwhile during the eviction period, we finalized our architectural plans and started the permitting process in the county so we didn't lose much time.

Having cash reserves gave me the confidence to move quickly on a great deal without losing sleep over unexpected expenses.

This property will lose money for anyone not paying cash, and if they are paying cash they will make a very low ROI. 

Out of state investors can make a ton of money in Cleveland, however, they can also lose a ton of money even easier.

You'll read a lot about how cash is trash and if you don't invest you're losing money.

I am not a huge fan of buying a new car because of the value it loses but I agree with you, you are making money to spend it on something. 

maybe about 40% per PPSF of main building that's what the appraisar use, it's losing money game.

Then your strategy of offer full price and then negotiate down / what if they say we will fix the repairs then you would be forced to close and lose your EMDNot sure where you came up with this but many will view components of this as unethical and why investors get a bad rap from politicians

If you don't want to spend time or risk losing money, LTR and multi-family is rather safe.

Many investors are attracted to lower price points but end up losing money because cheaper properties are higher risk (not good locations, rough tenants, lower quality construction, etc.).