Buy below market now and make sure you have a healthy cash flow margin and you should be ok imo

The premium expense is based on your age and health status - the young and healthy individuals will have lower premiums compared to older individuals with health conditions (i.e - diabetes, hypertension, etc) for the same 1 million dollar policy.

*No W-2 income - Self employed*20-25% down payment + healthy bank account*will have 3 roommates to pay the mortgage*property purchase with 20-30% discount, would remodel before rented to increase equityQUESTIONS/CONCERNS:1.

Additionally there is always a healthy nouveau rich following that attempts to mirror their predecessors achievements.

REOs are at about 9% of the listed market which is a very healthy and normal rate.- Pre-Foreclosures.  

I haven't really done the math myself, but I've seen on forums that people are having a hard time with getting a healthy cashflow in the city core.

We will have to connect at some point, good luck and stay healthy. 

Hi there, We are using the equity of our home as a down payment on a multifamily and we want a healthy cap rate.

So again, I don't know Cleveland, but I just looked through BP, and there are indications that this is potentially a challenging neighborhood...https://www.biggerpockets.com/forums/48/topics/1151803-mt-pl...https://www.biggerpockets.com/member-blogs/4704/42419-clevel...If you include healthy capex in the expenses for this, it's close to break even, or maybe you'd net a little.  

You have a healthy budget and a smart strategy for the area (fellow NJ house hacker here)!