We've been going to duplex open houses in Cleveland & Akron and a few showings with our agent who has more experience in the Akron area, to learn about neighborhoods, price, quality, etc.

Quote from @John Winters: Greetings BP ~I am hoping to receive some feedback on the financial feasibility of this plan and/or some tips to improve it. 

(This assumes you have a credit card available to pay for any repairs.).

Debt to Income Ratio will be used for more conventional types of financing (Fannie/Freddie).

First, the market conditions in Northeast OH may be influencing those lower projected returns, especially with rising rates and more limited inventory.

@Christian Rodriguez  Typically there aren't any restrictions on how you want to use your cash once the Heloc has closed. 

The comps showed this half bathroom added $50K of value. 

In his words, this is away around the due on sale clause that you can run into in a sub - to transaction.My question - if the seller puts the property in a trust, will this avoid the potential of a due on sale clause?

These areas tend to have more affordable properties compared to central Phoenix and still offer strong rental demand and appreciation potential.

There is a great group of members on here to connect with.