Hi Everyone,My wife and I are looking to buy our first MFH in the Cleveland area, and I’m interested in knowing if anyone has had to deal with squatters on their properties.

How did you finance this deal?

This would require a much smaller downpayment & interest would not be nearly as big of a deal for these small single-family homes. 

You will need a realtor to help you deal with negotiations, home inspection etc.

What made you interested in investing in this type of deal?

However, I will say, I would much rather deal with the legal ramifications of giving them their money back and asking them to rent somewhere else, rather than deal with the legal ramifications of an eviction.

Ask the manager to explain their process for dealing with maintenance, late rent, evictions, turnover, etc.

What made you interested in investing in this type of deal?

To me, Louisville seems like an investor can get a better deal for their money right now in more areas of town, which is what makes me interested there.

I think it depends heavily on the deal you get and what part of the cities you invest in, but I do think when you average it, it can seem pretty low.