East and west coasts generally have more rise and fall with appreciation values.  

If done properly, your screening will weed out anyone attempting to commit fraud.I use a "sight unseen" clause to prevent problems:American West Realty does our best to adequately describe our rental units to you.

I’ve been working as an MLO for several years in West Texas with an existing client book which has been a great experience thus far.

I think the article puts it into perspective what why and how SF and peninsula can command prices that those that live in the mid west deep sought or other areas were median price homes are in the 150k range.. it maybe allows them to understand why.. and why it wont come crumbling down.. keep in mind the move up.. anyone who bought in mid 90s has a few million in CASH equity. as well. 

If you do decide to move forward, you might want to use my article on property management companies in cleveland to find providers that will service that area:  Big List of Cleveland Property Management Companies If you're interested in other areas on the west side, let me know and I can be of more help. 

Initially, we were looking to house hack with a single family home such as a large split level on Devonshire/Forest Park West area, but we've also been searching in the South end and Franklinton for a multi-family property.

We were thinking closer to Binghamton, West side area.

@West Wiggins, thank you! 

I would do whatever would produce me more money.So do the formula ARV-immediate repairs*70= Asking price.Take your asking price and minus the sellers asking price(how much you would get if you wholesaled it)Compare that number to how much you would make if you decided to flip the home.Thats how I would go about doing itSample:Take the comps( 3 homes within .6 miles from your potential home that resemble you potential home in BD BA and SQFT)130k 101 west yellow st150k 222 blue ave140k 254 orange rdSay those three fit the criteriaAdd them up and divide by 3That is your ARVfor the sample the ARV=140kThen have a contractor come look at the property to determine what repairs need to be done to the home say that your repairs needed are 7,900 kTake your numbers 140k-7,900*.7=92,400 92,400 is the max that your offer could be.Say the seller wants 60k your wholesale fee could be 32k-clsoing cost ectOn the other hand what if you want to fix and flip it.

WE don't deal with a lot of termites out here on the west coast at least in real big way ..