Long time residents can't even afford median rent because incomes aren't high enough.

However, it may be a smaller space with less luxuries (you could always take lower income and rent or airbnb out the ADU and live inside the main house).3.

Also, assume a regular job so I do not need extra income.

One issue is the challenge of qualifying, as conventional loans will have DTI requirements, income requirements, loan size limits, and loan amount limits that investors looking to scale a portfolio run into as soon as the financial freedom snowball starts rolling.

For much less I can turn the dining room into a bedroom for higher monthly income. 

If cash flow is your top priority, Cleveland's reliable rents and predictable income could be a strong contender.

I am particularly interested in neighborhoods with strong potential for growth, rental income, and community revitalization.I am open to various possibilities and eager to hear your perspective on these and other up-and-coming areas.

@Megan Tavasto I’ve started using Housie.io, seems to be more comprehensive with background checks and income verification directly from bank, not pdf which can be forged

Larry, If I’m following your math, you need to find a way to increase your income outside of the rental property to cover the mortgage+heloc $1500 payment.

That's a good question. it is technically income to the investor.