I am looking for cheaper areas.

If inventory continues to go up and the market softens we could see desperate homeowners renting out their properties for cheaper just to get someone in there and paying, which will in turn lower the rental comps.

@Erik Vik if you do house hacking right, you live for FREE while gaining equity which would be much cheaper/more profitable then seeing money paid toward someone else's house hack.

Well worth it and a much cheaper REI education too.

Cheaper than pulling the whole window and replacing. 

The money is cheaper (lower interest rate and less points) and lower down payment requirement.   

@Reid HanleyYes, done over 20...its much simpler than u think...and cheaper

@Jad BoudiabHey Jad, we worked together trying to find suitable deals early on in the process.You’re a great professional.I think we shouldn’t miss the point of the post, which is that Cleveland (as a sort of poster child for the cheaper MidWest markets) is fraught with dangers for out of state investors who surely do not have the sort of ground knowledge locals have-nor can they get that knowledge by simply flying in and driving around with a broker for a few days...as Jay mentioned.For me, it’s pretty obvious to any neutral reader of this thread that all the counter posts to my original post have been by people BASED IN CLEVELAND or who run a real estate related business in Cleveland.That’s not a coincidence.And it’s enough proof for me that my post touched a nerve with those who have stakes in the market.That’s understandable.But it’s the investor who risks capital.Not the stakeholders who stand to profit with their business, be they brokers, contractors or developers.

Sure it works better and is cheaper than most alternatives, but cheaper isn’t good enough, it should be free free free. 

HM when done right is typically cheaper than a partner.