I actually want to buy a multi-family in Cleveland too.

BUT, even if a bank wanted to help out they cannot because they are only the servicer of the underlying note/mortgage.

I've wondered if for example it even makes sense on a NNN retail building.Maybe if your CPA can do it cheap as part of their tax return service fee for you.Hopefully just your normal straight line depreciation is the way to go, but check with your CPA and see if they think it is worthwhile for you.   

Hey Sunny, Random HI Mortgage Broker here, Here is my two cents:1) 1.5 bps a day is actually a very cheap lock extension price.

Sometimes, the assurance of having trustworthy tenants that you actually like transcends monetary calculations and contributes significantly to the overall enjoyment of property ownership (especially when you're neighbors).

Please note my services are free because my my business is still new, but by generating leads could really help me get my foot in the door. 

As a newbie, if you do get into an appreciation play, you can look a little bit more short-term down the road and recognize that you can likely refinance your property once interest rates drop and actually see some cash-flow once you reach a lower payment.  

This can be done with a conventional full documentation loan or a Debt service ratio loan. 

It works over time, but the problem I see there is that you are consuming junk as well as having to make decisions on what is actually valuable information.There are plenty of opinions on how to do such on Bigger Pockets, but a lot of those opinions are misguided or wouldn't apply to you.You can do joint ventures with successful investors.

If it were mine I would replace the roof, including any roof decking underneath the shingles that need to be replaced, and look into the cost of doing a ridge vent at the top.As far as the air conditioning system , you might be replacing a well built heavy duty unit with something that has a much shorter service life and instead of using freon it uses some incredibly expensive chemical .