I want at least an acre to grow my own food and to continue with our beekeeping hobby/passion.  

Food for thought:  To buy in Cleveland you will need a investor friendly Realtor to help you identify good areas in which to buy and areas to avoid, a renovation crew or general contractor to do the renovation, a property manager to advertise for tenants, screen individuals, and to handle the daily issues that crop up.Buying a fixer at a distance is a challenging endeavor.  

That's going to entail things like handling contractors, directly advertising to distressed sellers, taking on serious risks & overhead etc.....With Turnkey you are paying a premium to buy a property from a company who already did everything mentioned above.Essentially one model you are going out & hunting the food to later cook it.

For what it's worth, I love coffee, food, and drinks!

Maybe you know that Whole Foods market is scoping out that property for their next store and will be announcing the move in the next 6 months.http://www.rclco.com/advisory-wholefoods-effectYou would obviously never buy a property that you predicted never to cash flow.

I'm sure you understand that, as others have pointed out, (1) the Sponsor's equity is a result of their efforts rather than their equity invested and (2) any additional Sponsor equity invested as an LP should be viewed as a good thing as it shows alignment.Some more food for thought:What is Apartment Syndication?

It would even still be high if you were getting $80k gross assuming you have other living expenses like food, insurance, etc.

There was so much food available courtesy of the tenants the mice didn't bother eating the poison.

I would take what you read and saw with a grain of salt, because I know several people on BP and in my market that are doing very well for themselves flipping houses even in this hot and crazy market.

That interest has to be taken with a big grain of salt.