Hi Cleveland BP Community,I've noticed a lot of cheap houses for sale in East Cleveland that could make great cash flow given their list price.

I've been on both sides of the scenario (majority POHs, majority TOHs) and I've noticed a difference in management demands.That said, there is MUCH to be said for gaining experience and learning to "rig it right," so it operates with better ease.  

Hi Leo, I noticed you're interested in the Midwest market.

The debt went away initially (foreshadowing...).Fast forward about 2 months and I get a notice in the mail for 6 months of assessments from before my ownership. 

it will be an education.The overall recommendations for an attorney are still valid, down the road have on ready and have them send the notices? 

The plus side is the airbnb supply has fallen and we have noticed a HUGE increase in our gross STR rents, roughly 20% higher then a year ago.

I would go to $1,050 in year 1 and $1,250 in year 2 (or something similar) and provide ample notice.

Tax delinquencies, Eviction notices, and just driving for dollars.

The key is to generate a solid list that starts with high equity homeowners and you can layer on top other filters like Notice of Default, downsizer, absentee owner, etc.In my experience, the goal isn't to make someone consider an offer on their home, they're either going to be interested in selling or not, you can't control that, but you can control trying to figure out is they have any interest and finding out their motivation.

If they say they moved early, you go and it’s vacant, if they haven’t turned in key or notified you they’re all out, you may have to follow rules for abandonment, like posting notice.