Most get it but some don't.one thing for sure is the city and courts are going to continue to make it more painful if you don't get it.Also tenants can pay rent into an escrow with the city vs pay you to put pressure on. 

Parma is a decent area for your strategy - you should be able to find something that works in the low $100s but there’s some competitive pressure when it comes to renting (check the number of Zillow listings).  

This is a situation where I would use my "gut gauge."

Their income isn't as stable as typically they might be working 2 jobs and the 2nd job fluctuates in hours and pay putting pressure on consistently paying the rent every month.I hope this helps because like others I have been in the trenches myself at midnight working on vacant units getting ready to re-rent.

Because sentiment is so poor, there is psychological pressure to lower prices.

The best way to gauge prices is to get multiple bids/estimates for replacement.

Yes you will be competing with the cabins so you will just have to gauge the take rate in that area.  

And that’s reducing downward pressure on prices in the short run.”

@Stephanie Mccolaugh I would buy if I found a deal that makes sense with some pressure testing, ie, would work if rents dropped 10-15%.You’ve got a lot of comments on interest rates being insanely low compared to “historical”, which is usually the 70s - 80s as the comparator.I would recommend googling “The total return of everything” from the San Francisco Fed (https://www.frbsf.org/economic-research/files/wp2017-25.pdf), where they cite average safe return (bonds) of 1-3%….since 1870.

He just so happened to own rentals himself, so that worked in my favor.I also tell you that my boss bought a book to better gauge some pricing within our business and he said some of the estimates they gave in there were realistic, but others weren’t close to what he’d expect for certain things.