But, you can't determine quality by simply what they charge.....as there are plenty of terrible agents who also charge a lot.You'll need to determine what value they bring to you personally and do a cost benefit analysis of whether the cost is worth it to you or not.

However, rehabbing isn’t without its challenges.

I don't much mind either way as long as the numbers work and the property is treated well.I've had decent luck in West Akron — once I got through the rehab headaches — but I have no footprint in Cleveland at all.

It's going to cost you a few thousand, so come in from a position of strength.

Full Brick Detached Duplex in Optimist Park (4 Bd/2 Ba) 1610 sq feetPP: $565k                                                                                            DP: $28k                                                                                              Closing Costs: $0 ($15k seller credits)                                            *Used to cover CC & Buy Down RateRenovations & Furnishings (MTR/STR): $47kCash Invested: $75kARV: $675k-$700kJust a quick aside, I think right now is a great time for an investor, because there are a lot more people on the "side line".

I was thinking of using these funds for the closing costs instead.

So, check into that as that may be an additional hard cost you need to factor in.

I'd say all the stats are similar from Cincy, Columbus, and Cleveland EXCEPT we are a lower cost of entry by $36k(cincy)-63K(columbus)!

When you have a loan on an RE, you have it leveraged meaning you “own” it without having “paid” the full cost.  

So....... with my previous CPA (who has since unexpectedly retired) we did a cost segregation study on an asset that was placed into service in 2021 which broke down the bonus depreciable items into 3 buckets, a 15 year bucket, a 7 year bucket, a 5 year bucket and the rest would be on a 39 year straight line depreciation schedule as it is a short term rental.