You need to look at the last six months of sales comparable to your  ARV house. 

About This Market: Parma, Ohio, boasts a stable population driven by affordable housing prices relative to national averages.

I would look into house hacking.

Balloons coming due with higher interest rates, China market, China production, Manufacturing production moving back to the US, Worker shortages, Workert pay hikes, Ukraine/Russia food and fertilizer misses, Oil prices increasing due to the OPEC Q1 production curtailments in place, Houthi issues, Panama Canal Water issues, Illegal immigration impact (buy one of those office buildings and rent for $10mm per year for Illegal housing, take advantage) social benefits required, Climate change believe it or not- Buy or sell into that thought process,  US politics, Baby boomers leaving workforce and needing more benefits, Baby Boomers moving from Stocks to Bonds,  etc.I agree things will get worse, but that means more investing opportunities. 

Hello,
I am considering purchasing a multifamily property with 25 units in Cleveland Heights. The plan is to replace all current free-market tenants with Section 8 tenants, as the rents are higher. Since this will be...

Raleigh does require no more than 2 listings per house.

I purchased a house in September 2022 with the intention of staying a year then moving onto the next.

The deal involves buying an existing single-family house for $700k that conveys with a vacant lot.

I hear Section 8 takes time for your house to be inspected and approved.  

This isn't going to go well unless the house you bought is in one of the A-grade suburbs.