Yet with rates higher and banks paying 5% ON CD'S why take the risk with such a low cap?

You will never know everything, but you need to know enough to make an informed decision that fits with your goals and your level of risk.

You can even find discount brokerages that will charge 1% or even as low as $500.Just remember: you get what you pay for.

i think Arbitrage used to be a good vehicle. nowadays, people are more knowledgeable about properties, usage and values and you will have a hard time finding a desirable property at a low cost rent enough to make a profit.

I have one tenant that has been there for 10 years so their rent is very low. 

Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant.

When I finally got my return back, they had me owing bout $25k...but since I know and watch my numbers, I knew that it wasn't correct and I was even able to look at the return, with my elementary level understanding of their field, and find errors.

Are there any level 1 Trauma centers near you?

For low income cheap Cleveland houses you need insurance to be there for you in the event you have a total loss.

Quote from @Bonnie Low: Quote : Quote from : Melanie, I appreciate the input.