I would highly suggest bring a profesional with you, when you visit the property to inspect the fan.

Hello Pedro, I am not an expert on your particular market, but that cost to build sounds low for the kind of high end/custom build you are describing.

With these high interest rates, now is not a good time. 

I often think about the kids living in the communities and how it will positively change their childhoods.In one community we put in a new road and the kids started using their scooters the same day, before we did that they were riding on dirt roads with Razor Scooters, yikes.

Based on your numbers, there would be little to no cash-flow (if held as a long-term rental), especially if you factor in the high interest rates. 

I'm perfectly willing to pay for my MLS access, but I don't want to pay the high membership fees for KCRAR.Can anybody shed some light on this process? 

My issue is figuring out how to cash flow it.It’s hard to get accurate numbers with Cleveland properties ranging in quality.

I'm not an expert in Athens to be honest.But I'd look mostly into areas close to the metro (underground) stations, and also into the high end areas...

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Do I need to hire an attorney to evict my tenant who, is a single mother with 2 high school kids?