Cleveland is especially interesting because you can find multifamily properties at lower entry prices compared to other markets.Network locally – While connecting online is great, building relationships with local realtors, property managers, and contractors can really accelerate your success.

I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Most investors that have tried to purchase an investment property recently have been shocked by how high prices have remained given the higher interest rates and growing negative economic news.

I see that there is a lot of new construction SFHs coming online or soon.

Figure offers a quick HELOC, which we thought we’d get…but our DTI (debt to income) was too high.  

It is case-by-case.If it is portfolio income, it is reported on Line 5 of your partnership's K1, and there is no self-employment tax. 

Would you recommend for a 1st time investor. 

Thoughts or recommendations?

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Can anyone recommend an insurer that is a bit more reasonable?