If you're gonna spend your money in Cleveland on some cheap properties, you'll want to learn the ins and outs of all of the neighborhoods.

It's a multifamily property in a good neighborhood with three units and a total of four bedrooms and three bathrooms.

Then, when you have a better grip on the neighborhoods and strategies that make sense, you can buy.

Would also recommend talking to property management companies who know the neighborhoods, median rents, tenant base etc. even if you decide to self manage. 

If the answer to the last question is yes, I think it'll be a hard choice.I see a reasonable appreciation rate for underwriting at about 6% based on neighborhood scout, so nominally I think you'll make 10-11% if you had paid cash which means I think you'll do quite well holding on (20% returns or so). 

What the local shop has, is what you get, unless you want to travel farther to see what else others have.

It's a spacious 4br 2.5 bath with finished basement in desirable school district in a B Class neighborhood.

It was a new build in a great neighborhood.

I have shopped for a new manager. 

For property selection, choosing a duplex or triplex in a good neighborhood can provide steady cash flow, while adding an ADU to a single-family home works well in areas with high rental demand like Portland.