Hey Leo, it is best to first identify what your strategy is and see if the market aligns with your goals.If cash flow is your top priority, Cleveland is the place to go! 

I'm just saying anyone who has a solid value add strategy that can be repeated over and over like buying and selling new trailers like this is an example of a strategy. but buying discount houses without rehab knowledge for out of state investors is risky 

I’ve seen others mention about building a team and I am wondering who would I need for my strategy.

Questions like this always help me to narrow down my focus.Tip: Go into ChatGPT and write out your current scenario and tell it to ask you up to 20 questions to help you narrow down your real estate investing strategy.

While the potential rental income of 4K is noteworthy, it's essential to consider various factors.The local real estate market conditions, property management costs, and potential maintenance expenses should be factored in.Additionally, evaluating investment alternatives like the stock market is prudent.Renting out a property can offer long-term benefits, but careful financial analysis is crucial to determine if it aligns with your overall investment strategy and goals.

Most incorporated cities have their own rules. 

@Joe PirapakaranHigher or less leverage (i.e. more or less cashflow) is a decision dependent upon your goals and strategy. 

Based on the available information, here are some creative real estate financing and investing strategies for generating passive income:1.

You make money when you buy regardless of the strategy. 

Most of the advice I'm seeing online focuses on apartment buildings but I'm not attracted to raising rent as a strategy and managing tenants & toilets as a job.