The CMHA payment standard refers to the maximum amount that the Cleveland Metropolitan Housing Authority (CMHA) is willing to subsidize for housing assistance programs, such as the Housing Choice Voucher (Section 8) program.

So I plan on going with the FHA 3.5% down and hopefully going for something in the 3-400k range in a neighborhood like back of the yards, mt greenwood, south shore but also open to other options.

If you need to improve your credit score, we can introduce you to a credit repair program we work with.Concerned about qualifying?

I plan to buy my first rental property this year

HI NatanBeware of $100K SFRs unless you plan on $25K+ rehab.   

We're occupying the house and plan to keep the property for 5-6y, after which we would either move and hold it or sell it.

I plan to continue self-managing this property from afar.

There's 3 floors of old apartments upstairs we have an architect working on a plan right now.

That was originally my plan, however legislation in Florida is creating hard times for realtors.

I'm just getting to a point to where I can consider starting to plan for my first property.