Cleveland is a great market if you know how to navigate it and have a good property manager.

It does make me feel more comfortable as I know the are well as a Real Estate Agent.

In fact, I don't know of any system that allows smartphone access without Wifi. and, I did some simple math, one refrigerator walking out the door in the middle of the night and it's $1,500 or squatters shooting drugs and it's major headache time.

Sometimes life happens faster than you think (weddings, job changes, market shifts), so it helps to know your break even point in case you need to move on sooner rather than later.

I am extremely familiar with the area, I know that it can rent long term, and it is perfect for my family's current needs.

That's the only way you will know if it's legal.In a true wholesale deal you are putting the property under contract, then either assigning your contract or double closing. 

Quote from @Alex Patton: I know there are hundreds (thousands probably) of lenders out there that offer a DSCR product.

Anyone know how to account for CapEx (setup as Asset accounts) expenses in the cashflow?

I also want to be in a good spot for my commute to the hospital, so I’m focusing on areas north, east, or west of the city.Good to know about the 203k loan—I was hoping to do some of the work myself, so that might not be the best fit.

I know there's a lot more detail that goes into this, as I'm trying to set this upWould appreciate insight from anyone out there who's done it, and willing to share from experience.