They already have ultra high incomes and want to shelter some of the tax burden and grow equity and money with higher quality assets that preserve wealth and keep up with inflation.I do not know why it is a shock to residential investors when a broker/agent doesn't want to JUMP FOR JOY for these low end properties. 

I have to do something where the cap rate blends up above market so I can achieve equity grow for myself and my investors over time.I like accredited investors because typically they do not need an ultra high cash flow today.

When buying subject to the main factors for me are can I cover the underlying debt service with the rent and is there a benefit to being able to control a large asset with minimal capital outlay.Its ultra simple to buy them with very minimal paperwork and the downside risk is incredibly low.

This is an ultra competitive market that requires understanding a market and its niches expertly.

Ultra cheap internet should be a selling feature for future tenants, not something you give away absolutely free.

When you are ready make a purchase thats ultra safe so you can get your feet wet first.

It is ultra competitive in the heart of the city, but there are pockets and neighborhoods perhaps 30 minutes from downtown that are good for what you are looking for.  

I am always open to all kinds of possibilities, but the price would have to be ultra fantastic I think for most people here to be interested in 100 year old plus, converted mutli-family in Cleveland.Not to say there's not opportunity there....but that would not be on most people's list I think.

If that is your biggest fear then you operate as a ultra conservative investor and buy everything with cash. 

The ultra cheap ones fall apart no matter what.