The demand letter does not go anywhere except in tenant's junk box or undelivered mail.

Spent a few months and about 40k rehab and was just told by the city it’s not a triplex, or even a duplex but a SFH.

Put an upside down box over toilet and shower head.

For example, if I purchase a site entitled to 100 dwelling units under a newly formed holding company and the only thing linking me to it is a shared PO box mailing address on the holding entity, the lender gets alerted.

I've spent the better part of 2024 reading up on those markets and learning everything that I can about REI in general - now it's time to dive in and get to it. :)  I would not consider Cleveland a growth market, but we've certainly got some really cheap properties. 

I’m brand new to investing, but have spent years wanting to do it.

Last time in my MFD ( multi Function Display) went off line and I had to break off and climb out of the clouds get on top and go back to home base.. that was a 15k  box that broke :( 

I spent some time in Lakewood and saw this kind of thing more often than most other places I’ve been.

That said, realistically, I don't think you can go below the 6% - 6.5% range.One question I would ask is if that 3% can be better spent somewhere else to de-risk your deal.

Maybe an outside the box idea would be to try to force some equity by making some improvements in the house you live in.