Negotiated price down 10K even with a multiple offer.

If you are talking about investments of multiple 6+ figures that will be tied up for years then you may want to have your own. 

Down payment of $13K including reserves sounds pretty low to me . ( Based on Maryland ) When you think about reserves - do you consider it a multiple of the monthly rent?

As @Patrick Drury mentioned- the West Side does not have any POS areas (besides Lakewood, but it's only needed for previously non-owner occupied/rental properties) Something else to consider in Cleveland proper is Lead Safe Testing ..

Cost of construction keeps going up so you need to spread out the cost over multiple units.

•If you can, raise rents or find ways to increase the property’s income before applying again.Have you already tried talking to multiple banks, or is this feedback from just one?

Also assessment never picked up those multiple sales and the parcel was being taxed at 8 acres. 

Quote from @Joseph Bushnell: I'm testing out the idea of building a data center and I was wondering if anybody has heard of owning the building and having a third party operate the data center itself.  

For example, if the area is rural you might wish to have the house inspected, the well tested, and the septic system inspected by separate services.

This is something you can do in multiple cities.