Have a few properties I am looking to off load in 78223Hey Ezekiel I can probably get you some cash offers on those houses you're looking to offload.

If you have not purchased any properties in Cleveland yet and are looking to buy, I HIGHLY suggest that you do some research on this lead certification process and look closely at potential properties to see if they will need remediation or not. 

I guess I have to talk to the owner to make his offer better than banks, I feel like he is not motivated enough, he said he wanted to retire. 

Having seen earlier proposals for Boston ordinances it seems a pretty reasonable compromise proposal to allow residents to offset Boston’s sky high prices by renting out all or part of their homes, while preventing non-local investors from further removing already limited housing supply (the ultimate fear of all housing departments).

That is highly irregular in the industry!

There are plenty of great markets in North Jersey close to NYC with the possibility of equity gains and high rents. 

It is good to network with various lenders and investors to learn what kinds of terms are currently being offered. 

Would any investors in the area be willing to point me in the right direction of high quality property management companies? 

It doesn't matter at that point if your lease has wording about it or not.That being said, if I offered a lease renewal and the tenant refuses to sign, the next thing they are getting is a notice to vacate.

For example this sheet is saying your NOI for year 1 is 52,548 which divided by 700,000 which is your purchase price comes out to 7.5% I have to say without knowing a single thing about this property other than the approximate location 7,000/mo seems high unless this is some kind of huge house you're doing rent by the room.