@Frank B. welcome to the site.You have come to the right place to find answers to all of your questions.You watching the B-Ball game this afternoon?

This is exactly why I never took the time to contact any of these note buyers for the fear of being low balled without really knowing what I have.  

@Joseph Ball you crack me up!

Hey All,This is perhaps the one question that, without a clear and concise answer, stops me from getting the ball rolling with investing.  

Also, ive usually assumed a good maintanence ball park to be 10% of gross rents. there is no way for me to get actual numbers.

I would send the contract after we had conversed on the phone, but we just weren't even in the same ball park.

I happen to use 1.33% to get a ball park figure.  

Of course I don't have a crystal ball, but I think we may see things settle or even dip in the near future.  

I'm looking to network with investors in the area and learn more about how to find these types of properties and seek out deals / motivated sellers.What are some things I can do to get the ball rolling, and what are some areas in northeast Ohio that I shuold be searching in for this type of investment?

It can cause major delays on the buying side, as well as trying to find tenants.Had a deal this summer where POS was satisfied, and they came in and did a rental inspection 2 months later, and found 5k in additional work that the POS inspector didn't find...all this happened while a tenant wanted to be in the property, but the city took 4 weeks to get to the inspection done, so the tenant found something else...Not trying to say you can't find good values there you can, just make sure your PM is on the ball with the city, and getting things done in advance.