The numbers still look good to me (especially since I have not even factored in possible rent increase by renting to section 8). 

Cleveland has been a strong rental cash flow market for years, at least the 10 years I've been working with investors in this market, and with rents being near all time highs in this area, I don't see that changing anytime soon. 

Unless you are renting to a well established nationally known company (Ford, IBM, etc), I would get the guarantee.

Now you can have a non-confirming unit that becomes illegal because someone calls the city and you get violations, however, it is COMMON PRACTICE in Chicago to rent out or stay in non-confirming units.

You can also use the Reno Rent Map to see helpful rental comps in the area: https://www.addressincome.com/reno-rental-comps-map-level-up...

About a year later I joined the Navy and we moved out to California so we rented out to a school friend of my wife's, essentially stumbling into a rental property.

Perhaps I would buy properties for rehabbing, fixing and renting and using vetted construction crews to help other investors to fix the properties they have acquired.

I rented to him and have zero issues collecting rent.

My tenant is renewing their lease and the rent is increasing.

The market rent puts all three together at approximately $2900 monthly.Costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP.