Jonathan, I'd be interested in that list of HELOC lenders you mentioned. 

He is a wealth of knowledge on the area and is actively investing locally as well.

But I've seen some solid properties in Akron as well that had good cash flow, but definitely seeing rents in Cleveland a bit higher right now

Financing your second property can be tricky since lenders may only count 75% of rental income toward your debt-to-income ratio, so get pre-approved early.

Your yield on your money will be, of course, exactly 4.3%.

As for offering subject-to financing, this is something that can be advertised under 'seller financing' in our local MLS, and there's investors that search specifically for listings with that marked, so that should introduce your property to a new set of buyers that may not have considered it before.

You gotta be quick also.

The insurer will probably also tell your friend (s)he appears to be in breach of the averments in the seller's affidavit and will be held responsible for any loss the insurer suffers as a result.  

The first one to hire would be the accountant.

Have been exploring other options as well.