The market appreciates 3% per year.Pay cash for one house and rent it for $1,500.

I believe you’re intentionally misleading us so as to avoid competition and have the market to yourself.  

However, I had to pay a premium for the exchange property because the market was so hot at the time.

I didn't realize that I would need to go down to the branch in person to wire money when it was a more substantial amount.

Purchase price: $490,000 Cash invested: $150,000 Property generates $4,050 a month income, rents are below market.

The numbers and the ability to participate in a highly underserved segment of the market with Sect 8 and Vouchers made sense.

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

In general, we have found that PMs in cleveland are very expensive when compared to other markets we are in.

In that sense STR investors can make markets more efficient by picking up housing units that most typical buyers look over. 

Rent: Focus on long-term rentals to generate steady cash flow, with an eye on market conditions for any short-term rental opportunities.4.