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.

If the repairs are something that cannot wait because delaying them will cause damage to the building, then follow your state laws for owner entry, give proper notice of entry, and conduct the repairs.

Just from the pictures you loaded up I would say it needs:RoofWindowsPaint interior & ExteriorGutters and downspouts Tub shower combo in the first bathroom, new vinyl or tile for floor, toilet, tp/towel holders, vanity, shower trim kit and headInterior doors, knobs and hingesFront room - keep existing wood floor if good condition, new trim, update tile entry to new tile or matching vinyl for bathroom if usedKitchen cabinets, counter top, sink, faucet, appliances, flooring, trim, lightingGet rid of the brown fan replace with a brushed nickel 11" lightGet rid of the wall mount sink if door clearance is possible and adding a 24-30" vanity in the second bathroom, remove medicine cabinet and replace with mirror, or paint existing to match trim color if good condition, remove the tile from the wall and replace with wainscotting and chair rail trim, remove tile from floor replace with new tile or vinyl, new tile in shower because of window or paint tile if in good condition, shower trim kit and headAll bedrooms carpetI'm sure there is more to be completed at the house that is not in your pictures to include plumbing and electrical etcWhat size was the panel?

The first entry brings some base-level knowledge to what Fannie Mae and Freddie Mac do in multifamily financing (5+ units).