Let me caveat by saying I do not know the Cleveland market.

You could buy a distressed SFH, live-in-flip, and increasing the market value much easier.

This is often a losing proposition for the seller, unfortunately.Granted - when a house in in disrepair and would be hard to market otherwise, it is a path forward for the seller.  

What markets did you like?

I work with a property developer, builder, and manager and we're looking to purchase GP interests in both states. 

You just have to find the one used in the local market. 

After going back and forth, taking the property off and on the market, bobbing and weaving on the price, waiting a couple of months to see any real action come in, I landed a client that was interested in the house.

Based on national averages, the home should rent for $1,500 or more.If you don't keep up with market rates you will attract lower-quality renters, you won't have money to make major repairs, and you'll eventually get behind on maintaining the property, which means it will appreciate slower, attract worse renters, rent for lower rates, etc.

My family have been flipping single family rentals in these markets under MartelTurnkey.com for about 10 years.

Any realtor know seasonal rental market in Madeira Beach, Treasure Island and St Pete Beach?