Most of the time, you can purchase a property with tenants already in place, but the leases often need to expire within a certain timeframe—usually around three months—so you can establish owner occupancy.

@Abigail King  I started with a seller finance, $80k, 10% down ($8K) + $1k in closing costs.Put about $40k in rehab in it. 

TV developers continue to build new construction, and many folks bought in the market to rent out before retiring in the last 18 months. 

It sounds like it's not in a very desirable area, based on the price and rents.

It's important to choose that one and commit to using it.

I bought a small commercial property in LA County.

The BRRRR method and house flipping are both fantastic strategies, especially if you're resourceful and willing to put in the work.If you’re working with limited capital, partnering with others or exploring creative financing options like private money lenders or seller financing might be worth considering.

A friend of mine is looking for PMs in Cleveland. 

If there are any anomalies that occur which require more expensive repairs then that ratio can and will be higher, especially in your first year or 2 of owning a property as you work to get things stabilized. 

If you are a BP Pro member they may have a lease in their downloads for you.