There is a wide range of caliber in each of those two cities.At the low end of Garfield, the streets off of E. 131st ("up the hill" north of Broadway) are pretty rough, and you might have a harder time finding and retaining good tenants (also, these streets are on Cleveland schools, which is seen as sort of a drawback for many people).

I believe I got on your wholesale list a year or two ago, but we're currently looking for our next project and are always interested in those deals when they come up.

Any first year law student should know this.Equitable title: https://definitions.uslegal.com/e/equitable-title/Equitable conversion:https://definitions.uslegal.com/e/equitable-conversion/

@Wesley E Harwood your overall CAP rate value calculations are correct however you are underestimating the operating expenses.

If, you have a 6 bed home then no renovation is needed unless the door entrance areas need to be widen, bathroom needs to e wheelchair accessible etc.

Buy direct from seller and list as is will very little rehab.You are in a hot market where this strategy works quickly.

They will put them on an auto-e-mail list and wait until you see a property that you like.  

He stated that the seller hasn't filed any schedule e's, and I noticed that the seller hasn't paid property taxes in the past 2 years.

And do a deep rental analysis, using free sources like Cr****list as well as upmarket properties as are advertised on the MLS.

Generally, he should give you some notice in writing, text or e-mail would do.