Gave that context as I have that as experience to guide me this time.

We really like that this maximizes revenue with out having to turn a units 8-12 times a month. 

I recommend you check your numbers: If current NOI is $37K and they're asking $500K cash, your cash-on-cash return at time of closing can't be more than 7.4%, and that's assuming an all-cash purchase, ZERO CapEx, ZERO renovations and ZERO closing costs.

Cleveland is especially interesting because you can find multifamily properties at lower entry prices compared to other markets.Network locally – While connecting online is great, building relationships with local realtors, property managers, and contractors can really accelerate your success.

The lease termination fee needs to be paid at the time they request this, do not substitute the security deposit for this purpose.This will ensure compensation for time, money and effort needed for a tenant turnover, including advertising and showing costs, regular repairs, utilities during vacancy etc.

It would be good for you to meet a wide variety of people with disabilities and spend time with them.

My investors are friends of mine however and will not be very active as i have informed them that i (as the general partner) will be making all the decisions. 

Is it enough to just visit a couple time to get validation on desired location or is a 6-12 month stay needed?

Hi guys - we are about to close on a property soon in Philly and are planning to do the following work -
-Add HVAC, Add a full bathroom and add a half bathroom, Fix kitchen (keep same layout)My contractor is saying ...

Even once you get the mortgage current, your credit may still show the delinquent payments, so it could take some time before your credit seasons to a better score.