Typically, newer comps close for more than older comps per appreciation/inflation.

We have 12-doors in Detroit that we still own and self-manage, all of which have gone up in value 2-3x.

I see this come up on the forums from time to time and as a mortgage broker myself here are the strategies I implement to work with great lenders1.

If it is a regular rental, draw up paperwork that clearly outlines how much money they lent you, when it will be paid back and how much (eg if you buy a house for $400K and 10 years later they move out and it sells for $500K-do they get a percentage of the profit (after taxes and costs)?

It doesn't seem like it'd add $$ but a 1/2 bath does help with the appeal when you put it up for rent or sale. 

I'm currently finishing up a duplex in William Land Park, where rents will cover costs, but the value add and forced appreciation will give me $250k in equity.

I realized that I was slowly turning into a "Cash Buyer Employee," relying on a few cash buyers to take my deals—mostly due to speed and the certainty of them closing.

The Sellers Agent said the Seller would fix the issues after the closing date and that we would be able to choose all the contractors.

@Miguelli FernandezI would focus on getting the first rental in Cleveland before setting up an LLC.

Purchase price: $350,000 Cash invested: $12,000 We recently purchased a townhouse with a grant that covered nearly $20k for downpayment and closing costs.