The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.

Purchase price: $140,000 Cash invested: $50,000 Sale price: $265,0002800 sf single family home.

I personally love the Cleveland market for its cash flow.

As soon as it makes sense, look at doing a cash-out refi or getting a HELOC so you can tap into that value and go invest in other things that give you a positive ROI.Good luck!

I paid every payment in cash.

It has been a great rental with a fixed conventional mortgage rate, generating cash flow from day 1 and already gaining equity due to the increased value.

These are real costs that hit your bottom line whether you like it or not.The biggest mistake I see from new investors is taking the revenue and minusing the mortgage payment and calling that cash flow.

Second, the other owners are interested in selling to raise cash.

Purchase price: $240,000 Cash invested: $10,000 Working on getting this first "OFFICIAL" deal under my belt.

Are there any circumstances under which you would find it advantageous to double-close when you had a cash buyer willing to buy assignment from you?