Plus, if you have a property worth $50k (not recommended) and the boiler goes out, that's the same as if the boiler goes out on a $100k property, so the ratio of reserve to downpayment is going to be wildly different for different prop classes.Since you're just getting started, I'd focus on building your capital to a point where you can afford to get into a solid asset class with a good $10k buffer behind you, if you go the rental route.

This always seems to come down to Millennials being some rare, exotic hothouse flower of a generation that are somehow both unable to understand basic arithmetic and hold wildly different viewpoints about their housing security from all who came before...because.

The thing about the Cleveland market is the pricing is going to have wild swings from one area to another.

@Kiley Harris I had a problem with raccoons throwing a wild party on a staircase/entryway to a second floor apartment over the summer.

They go to court once, satisfy prove up required for noticing, creditors, etc. and the bench officer approves the proposed Order to Determine Succession or similar  judicial ruling.Yes, probate  laws vary from state, sometimes wildly, but the easiest way to think of probate for the investor is as a common but not exclusive solution for a title problem. 

My family loves the house and we wild love to live there, so we will see what happens.

Best of luck in your journey - you're in for a wild (but very fulfilling) ride! 

The primary reason I went against this philosophy last year was because the neighborhood was stable aka there hasn't been wild appreciation/depreciation over the last 15 years.

I plan to focus on that, but many other folks seem to enjoy walking on the wild side. 

The weather is not kind most of the year, but there are areas that are breath taking in their wild lonely beauty.