Hi BP,So I did a little scouting through my neighborhood and have around 400 addresses. I sent out my first batch of marketing and did received a call from one of the prospective seller. We talked and what she expecti...

If so this establishes a good long-term credit history for you.  

Cleveland is more driven by school districts, niche neighborhoods with older eclectic homes, and proximity to commercial establishments.

I don't expect that to happen anytime soon but if you want to not gamble, cash flow is a good option.If you are looking for an off market property you can contact several wholesalers and let them know what you are looking for OR (my fav) go driving for dollars in the neighborhood you are looking at.  

Ask your lender, there are established exemptions for this.

A good thing for the investor to do is to have their agent walkthrough too and take pictures so They have a third-party see it.The overall thing you need to establish is good communication and to be very clear about what needs to get done.

I'm doing this exact thing tomorrow.I won't require lenders insurance because my place in line is already established and has no chance of changing.Lenders insurance protects the lender's position.

Quote from @Harry Gamble: My understanding is that livenation would be the ones that own both amphitheaters, and that oak mountain would close.

I am not an employee or "shill" for AllyBank.)If you don't mind tying up cash for longer (~ 9 to 24 months) any of the older more-established top-name Real-Estate Crowdfunding Debt Lenders (1st Lien Debt, not Equity)  providers have worked well for me earning very high yields (~9 - 11%). 

His alternative was losing this sale, and going to court to establish clear title.We did not get a 1099S from the title company.