I have an investment property in California but I’m looking to invest out of state, specifically in the Cleveland, Ohio area.

Midwest markets are what I prefer as well, specifically Detroit and Memphis too.

@Kurt Lehecka - Not sure what your budget is but I like the bird street area (below Lovers Ln and west of Inwood Rd) and Old Lake Highlands.

My specific questions are:1.

This could be dangerous ground if full disclosures were not made and state specific laws were not strictly adhered to.

Almost all foreclosures are going to be cash deals with healthy rehab budgets attached.

Hey Brett - Speaking specifically about closing costs, those can be a little hard to pin down.

You can be a private lender and hold the first note.I specifically said not hard money lender unless someone recommends it.Mike, I'm guessing you're not a private lender but thanks for the advice. 

Another option is a revised Tenant-in-Common agreement, outlining property management, expense sharing, and a potential buy-out provision in the future under specific conditions.

rents are higher here by far one of the most expensive markets to live. lease price per square foots can go as high as $8 per square foot. if you live far away it'll be cheaper or you'll be living in a older unit. depends on your budget really