Love Edgewood, great spot of grabbing a drink/food...not to mention beautiful facilities/grounds (especially in spring/summer)Mott Canyon Tavern & Grill ive been once, great little spot which is right by where you are staying (kingsbury grade). 

That is how our investors grade us and thus this is how we grade our property-level teams. 

Give The Ultimate Guide to Grading Cleveland Neighborhoods a read.

As such I created The Ultimate Guide to Grading Cleveland Neighborhoods so out of state investors can get a firm grasp on the Cleveland market.Knowing the pros and cons of each type of neighborhood is very important.

there is lots of great advise on here. there are tone of more experienced people on here.Some ideas;Sherwin Williams has great prices on contractor grade carpeting and they install.Sherwin Wiliiams has great paint too - ProMar 200 has great hiding characteristics - retail is $22 per gallon.

They WILL be able to destroy the wood floor almost as fast as the carpet, I am absolutely convinced about that :)Otherwise, I choose basic stuff, and from there I pay more in two cases:a) It's not significantly more to provide a fancier grade product, but it adds bling (faucet with sprayer, for example)b) I know I get the durability that withstands the tenants and the higher cost has a certain payback.

Amen to that Chris, especially here, those C grade areas are scary :-)

Assuming you run it right and manage it right, you should make good cash flow on a C grade property.

I will honestly tell you when we talk what my thoughts are and explain finance structures as well as possible exit strategies.You can also e-mail me as well if you like or colleague request me.A triple net property is where a corporate grade investment tenant signs a long term lease 10 to 20 years to pay you money.They do this because they can free up capital to grow or re-image existing locations.They also for accounting purposes can show a write off instead of an asset.You get great tenants that pays your mortgage like clockwork with mailbox money every month.The downside is the rent bumps annually are not as large as other asset classes.Say 1.75% to 3% depending on various factors.With apartments you can get more yield but also more problems which is not as passive.You might find after looking that taking an 8 cap to 9 cap is better than a 11 cap with big headaches.My busy clients find after researching with me that the extra yield would cost them more in production of their high paying career than they would make dealing with the headache.Not trying to sway you but just sharing my experience as there is a process with each client I have that goes through this exact same thing as you are.

We did a large school conversion where we bought large hotel grade heat/air unit for each apartment.