., University Heights, Ohio (Cleveland Metro)Neighborhood Rating: A-Purchase Price: $153KRepairs: $65K (completion expected by May 1)Expected Total Investment: Approx. $225KProperty Features:First floor: 2 bed/1 bath, potential rent $1,200Second & third floor: 4 bed/2 bath, potential rent $1,500Separate utilities and heating/central AC systemsInitially, I projected over an 8% cash-on-cash return.

Enjoy one of the best locations. 5 min drive to Atrium Health Wake Forest Baptist Hospital (or a 15 min walk), 10 min drive to downtown Winston Salem, 15 min drive to Wake Forest University.

Quote from @Uzziel Cortez: Hello everyone,I am 31 years old and finally ready to dive into the deep end here.Looking over the strategies I think I want to start with Out Of State MTR / LTR strategy.My though is travel nurses or university students will be a good market / consumer base to tap into.I live in Orlando FL but looking at lower cost markets such as Texas or Indiana.Looking forward to hearing any tips yall might have for me.Thanks Welcome aboard.

With Universal opening up EPIC next year, the timing is good to get in and up and running.

I'm currently a junior in college at Troy university.

Congrats, but do not forget about Purdue university communityVery nice community and campus

If the area is good for that, close to hospitals, universities etc. it might work.Otherwise do the LTR in those and move on.

They are north of the university.

Well diversified business base, a university, access to good transportation, a strong workforce and affordable housing.All of those add up to a good long-term investment formula.Let me know if I may be of assistance.Paul. 

Since you mentioned the house is suitable for professional roommates or a family, you might also want to reach out to local businesses, hospitals, or universities, where there may be potential tenants looking for housing options like yours.Lastly, feedback is invaluable.