Welcome to the site Jeffrey.When looking at the Cleveland market I see a ton of investors get totally shocked by the bottom dollar prices you can find in some of the rougher neighborhoods of Cleveland.

Additionally, I took him to some surplus stores to save money on materials ( which totalled under 2k).

I buy properties that I am totally comfortable with, that are synergistic with my lifestyle and career, and that I can pursue on my time, not when deals happen to present themselves. 

Others are total strangers.

I am totally wanting to work with investors and those that get it.

o.O Kiyosaki totally changed the way I thought about debt.)Of course, if your DTI is keeping financing for your deals out of reach, you may want to opt to pay at least some of the debt off now.

What are the total monthly payments on the CCs? 

My challenge is when looking at their total net income, they are making about $6,800 net, but after deducting $2,200 rent, $3,200 total debt obligations and $100 utilities, they are left with only $1,300 per month to live with.

I personally talked to an 80 year old woman yesterday who told me she had been charged a total of $4,080 (just under grand theft) through several transactions.

I copied this from a search on real estate ROE:Return on Equity (ROE) ratio calculates the amount of return generated in a particular year on the total amount of equity invested (or trapped) in a property.The amount invested (or denominator) is calculated as the initial investment (down payment) plus the entire increase in net property’s appreciation and the entire decrease in outstanding loan balance incurred prior to the year the ratio is being calculated.Cash-on-Cash Return is a similar calculation, but since the two draw backs of the traditional Cash-on-Cash Return are that property appreciation and principal debt payments are not factored into the formula, Return on Equity adds these two components to the traditional Cash-on-Cash Return calculation.A property’s net equity increase is calculated by determining what the “Net Sale Proceeds after Taxes” would be at the beginning of a year, and then again at the end of the year.