Fix And Flips also appeal for similar reasons but seem to be a lot more involved. 

Is this true or just rumor?

The only reason anyone would want to live in NYC and pay the astronomical accommodation prices there is because you're making a ton of money there. 

I imagine it's the same in Chicago.Unfortunately, interest rates have put those days in the past as well.But that's not a reason to not invest.

There's no reason you should ever have to hire a PM

I am exploring both short and long term investment as an out of states investor and trying to understand between Cleveland and Columbus OH.I have been learning these two markets are appreciating and have a good cashflow.As I am new to these two markets, I would like to learn which markets are providing a reasonable cashflow while up potential of appreciation for next few years.between these two markets, which ones are suggested?

.- Also because of the structure of LP/GP ownership, this is always true: the return/risk is always favour the GP side, even if investment is collapsed they still make money from the split,acquisition fee, waterfall etc,etc.

There is an up-charge if you want to know who opened the email, but prices are pretty reasonable.

What are the reasons?

It is true that they do not travel as groups in general, and would have to be ready for individual renters moving in and out at different times.