I personally invest in Ohio, but it depends on what you are looking for inventory-wise.

Hey Dhruv, this generally depends on which part of Cleveland you're looking at. 

Average cost where we are now is like $5000 for set up, and you may not need a full foundation depending on the manufacturer requirements and what the lender requires.

What is your credit score? 

It really depends on what terms you are buying on.

Quadruplexes are in the $700+ rage and 5+ Units can range from $100-200k per door depending on the layouts and condition of the units.

Let's get our credit score up, pay down debt, and then build a reserve.

Pair that with a great credit score and you'll see rates in the mid to high 6's (assuming DSCR loans).

It's been steadily going up however, so I'm either looking for lenders who would do a HELOC once my credit score reaches the required number OR I'm also seeking private lender who would be willing to lend with a second position lien on the property for the renovation amount ($35k-$40k)I was working with a private lender but he proved to be unprofessional and not able to prepare the proper, legal documents.

Jesse,Depending on the situation it may be possible to get some kind of Group purchase.