The building was built in the year 1800 so it is quite old but the structure is solid. mechanicals in the bar are about 5 years old and the other units have newer electric heat.

Any lien (HOA, mechanics, tax, etc.) must be filed and put on the record.  

My mechanic bought a home here as well as one of my teacher friends.

They operate an unofficial mechanical shop out of their driveway which results in a junkyard looking backyard and all sorts of unsettling characters arriving throughout the day.

I would focus my efforts on finding homes that are mechanically sound, but may be outdated cosmetically to bring top dollar. 

I think the biggest hurdle oftentimes in Cleveland is not necessarily the repairs needed if priced right (I understand exterior, foundation, roof and mechanicals are big expenditures), it's the margins and perceived value. 

I see this a lot in my area a flipper will buy a house make it all polished minus doing the mechanical right.So, they price the house higher then what other houses are going for.The appraisal is always going to be an issue.I just don’t buy flips because they never do it right.

thanks for the responding john based on the comps around the neighborhood my property ARV is between 300-350k when I'm done and the market is climbing slowly so who's knows what it would be worth in 5-10 yrs hopefully more i plan to rent out 3 of the units and live in the 4 unit for 1-2 yrs and bank rents and manage property myself i don't have a exact concrete number on operating cost yet but i predict i will be bringing in anywhere between 3200-4000 dollars a month in rent and then also my unit when i move would bring in more income my strategy goal is to put the money away as income and then apply for a fha loan for my next property take advantage of 3-5% down and buy another 3-4 unit multi family and live there and grow my portfolio by owning and managing my own properties but i know on the third property i will have needed to put down 20-30 percent which would be fine because i have equity and assets and also options on what route i would like to take my question you kind of already answered was is this a smart decision to go no mortgage route and assume so much risk by using up all of my funds to get in the game because sometimes when i talk to people they make it seem like I'm crazy for wanting to start out this route but i feel like if they had the opportunity to start out independent why wouldn't they go that route if you know what I'm trying to say also i am a little nervous seeing that i am 29 and this will be my fist time taking on my on investment and running my own business and projectsalso any advice,pointers,tips any positive tips would be greatly appreciated also on a side note on all my mechanicals for the house i will be buying everything that i can that comes with a energy saving rebate, boilers,water tank,thermostat, etc i strongly believe in saving money and being energy efficient  on whatever i can 

A couple years ago my uncle in Grand Prairie, Texas had his eye on a foreclosed commercial mechanic shop and land, which was listed at 600k in a nice part of town.

My name is Michael Geraci and I am a full time mechanical engineer in Manhattan, looking to get into real estate.