Franklin has a very low barrier to entry (price wise) for single family homes in our area, and while the rents there are not as high as some of the surrounding towns you can still make the numbers work. 

You have to learn, so try a nice entry level project where you won't get burned.

Would all the units require two entries?

I'm just saving up for the 5k entry so I can start myself. 

If he does not come to the door, I am going to gain entry one way or the other.  

Anyone who doesn't invest in Cleveland leaves more for us that do :-)When it comes to strictly cashflow, low point of entry and nothing else, I challenge anyone to show me where else in the country you can get 2 percent to 3 percent rule on properties in C and sometimes B neighborhoods on a routine basis.   

I think it was mentioned once before on this thread, but one option for smaller investing smaller amounts of capital would be real estate crowdfunding platforms; they allow you to invest smaller amounts of capital (generally $5,000+, but I'm sure you could do a little research and find smaller entry capital) into deals for a set percentage return (8%-15%).

Kenye,Take into consideration a 4.5% closing costs at entry and a 7.5% at exiting...that’s a very close approximation.

As an entry level option to familiarize with different segments of market, I use neighborhoodscout.com to see neighborhood sections. 

Professional pest control company to oust the critters, clean-up the mess, and exclude (close the points of entry).Professional chimney company/mason to repair the chimney and install the proper chimney cap.