I have been doing all my investing in the Cleveland markets for many years, 100s and 100s and 100s of deals.

I’m new to all of this and trying to do what I can to get going, but I’m also in a small market (Goldsboro, NC).

Multi-family homes provide more cash flow, risk reduction, and economies of scale, but they need more capital and may have higher turnover.

Tenants have been there for 7 and 10 years respectively, but rent is is about $350 under market value.

I feel like I have WAY too much equity sitting and doing nothing for me across my 5 LTR properties:* Rental A: 235k (Market: 440k)* Rental B: 140k (Market: 210k)* Rental C: 130k (Market: 200k)* Rental D: 75k (Market: 150k)* Rental E: 100k (Market: 200k)But with the current HELOC/Refinance rates - it just doesn't seem to make sense?

This is why landlords, especially mom-and-pop landlords, need a reliable way to vet applicants in risky markets like Baltimore.  

Most deals are found off-market or in significant value add situations that require upfront capital. 

I have some good info on this market.

I've noticed in my area that houses that have been converted into 2 units tend to sit on the market for much longer and sell for much less than traditional single family houses with similar sqft and finishes.

The Comps give the property a market value of 200-220 but they are selling as is so they dropped the price.