Market demand will ebb and fall with that big of a population swing from season to season. 

Oh I forgot to mention you can also partner with a seasoned investor and give them part of the deal to leverage their knowledge base.

@Ryan HHi Ryan,Watch the Amp Draw of the new fridge compared to what is on the circuit already and the Breaker Amps.If it's older wiring the fridge may not have it's own circuit or it may be too small.just my 2 cents...

If you find what you think is a good deal, bring it to the local REIA group or post it on here and have some seasoned investors take a look at it to tell you if it is or not.

While I'm sure this will vary from appraiser to appraiser, I've noticed in my markets that appraisers seem to be more willing to use older comps before they'll extend the radius of their search.I've been in your position before (numerous times) and here's the approach we took (sometimes it worked and sometimes it didn't - just depended on that specific appraiser):If you had multiple offers on the property, make sure the appraiser is made aware. 

We look at per sq. ft. prices for SFR and per unit prices on MF...here, you can't apply the sq. ft. method to MF because we have a huge amount of older and huge MF properties...it corrupts the data.

This is really important for families in my opinion, but also important for anyone setting up a partnership.Ideally you would create a new LLC for this investment, so that the older liabilities attached to your current LLC would not be linked to this new investment.

Have to season loan to get cash out refi 6 months. 2 months/total 8 months before rehab = 25% vacancy.

It's an older 1960's (In Arizona thats an older home) home and I am thinking since I will be stripping it to the bones I would like to replace the plumbing.

Most of Clevealnd homes are older so CapEx and repairs are usually more frequent.Insurance seems low too.