I know that doesn't specifically answer your question, but I truly hope it helps coming from an long-time, ex-banker.

maybe some light repairs after the tenant moves in...so your first few years are typically stabilization, and you investing into the property. 

Purchase price maybe $120,000  a door, that seems high to me for 70s product, but I just don´t remember prices at that time.   

Outside of jeopardizing a current property I own, the spread on this can't be worth the time or energy. 

Thank you in advance for your time and insights!

He was recommended to me by a big-time investor in Kansas City that I had built a relationship with, and other local investors also vouched for him.Although the 8-unit deal didn’t end up closing, I felt confident about using that lawyer if it had gone through.

Purchase price: $510,000 Cash invested: $195,000 Purchased a 4 bed 2.5 bath townhouse in Winnetka, CA in June 2023 as my first investment property.

The owner filed for eviction it was thrown out without prejudice because they didn't give enough time before filing.   

However, this is the first property I plan to manage myself. 

It's easy to speculate without having any first hand knowledge of the area, but with the way the home values and rents in neighborhoods like Ohio City and Tremont have skyrocketed over the last 10-20 years and the way downtown Cleveland is growing, I think long term this is a good area to invest in personally.