There are also single tenant properties such as a Dollar store or a Walgreens with very long primary lease terms and investment grade tenants NNN.

It will also depend on whether you are doing "flip quality" rehabs or rental grade.

Lastly I'd recommend you check out The Ultimate Guide to Grading Cleveland Neighborhoods for some more information on the Cleveland market.

This all about what grade are you willing to bet on ,B ,C homes?

I, personally, am obsessed with old house details and hate all the flips where people tear out original 1920s bathrooms and replace them with particle board vanities, builder grade fixtures, and cheap Home Depot tile. 

Cons: It can take longer to find a suitable tenant, there tends to be less appreciation (unless a neighborhood is improved which would in turn likely improve the grade of the neighborhood), and C-class tends to have more issues like litter, vandalism,  and crime than higher-grade areas.

If the area is lower-grade, then waiting might not get you a better tenant.Third, as to pets, you should probably say no, especially if it's a cat.

In 2018 they pulled around 100 new construction permits with The Waire Group as the builder for very simple 3/2 slab on grade homes built on lots they purchased through tax auction.

I would say the majority of people who try to invest when they do not have a degree in a Financial field will do two things.... 1) look at the book and get very sleepy and 2) Tell themselves that they don't need these "complicated" calculations.The reality is that when you speak with the highly trained Pros, they ONLY speak about the IRR and other derivatives of it.It doesn't matter what you invest, the professionals who Invest need to know it.In some cases, heavy calculus is used for trading, such as in the Quant professions.This book gives you all the math you need which probably goes only the the extent of intermediate school.... say, 7th Grade, but many adults are very intimidated.

I could have obtained cheaper appliances, but I am trying to go mid-grade to keep the property up to market.