There is profit in every industry if you work hard enough and have the desire to attain it.

As far as areas to be aware of, the west side of Lakewood is definitely more desirable and you see it reflected in property/rent pricing. 

The appraisal came in VERY low and I had the comps to prove it.When a VA appraisal comes in low, the appraiser can trigger the Tidewater Rule (aka Reconsideration of Value or ROV), which gives all parties concerned an opportunity to dispute the appraisal.The dispute must be based on facts, like incomplete or inaccurate data contained in the appraisal and comps that support the desired price.I was recently able to save two transactions totaling over $800K in sales by getting a VA appraisal raised by $15,000.  

But I would be sensitive to what may be their desire for a little quiet enjoyment before the neighborhood invades :)  The quarterly walk through is awesome. 

My wife and I just spent the last 34 months paying off $162K in debt because of our desire for FI.

Desired cap?

It can be for many reasons, including the market, location, condition, and many other potential influences on the value, or a buyer's desire or interest in owning the property.

For the local Cleveland investors out there, which area in Lakewood is the best to be in?  I guess with proper screening, it really shouldn't matter that you can get good tenants.  But if you were a (young professiona...

And then scale up to get your desired amount of deals.You can ask a competitor for these numbers, but I doubt they are as sharing as you may hope.

New condos being planned nearby can significantly lower the old ones desirability and value.