Sure it has potential for cash flow, appreciation including forced appreciation, tax benefits, mortgage pay down but in most markets it is the leverage that accounts for the significant return.  

Thats to give you some idea of where things line up for where you are at compared to where the market is.

In other words, the expense saving was rather certain but our chances of recovery on the PG seemed slim.We completed the deed in lieu over the summer and began marketing the properties immediately.

I had just bought an off market property to flip but didn't have a regular agent I worked with yet.

Out of state Investors who have appetite for the NY area market and surrounding should reach out. 

I have watched several discussions, including David Greene's video, around the recent lawsuit against NAR and RE brokerages.

Hi Lawrence, Here's my short advice check Due Diligence, Understand Owner Financing Terms, Seek Professional Guidance, Market Research, Financial Analysis, Risk Management, Long-Term Vision.

If so, how was the lot with the house on it impacted in terms of market value? 

…Here's the latest market report (based on single family homes): Mortgage Rates:30-year conventional rate today is 7.01%30-year VA rate today is 6.50% Median Sales Price:April: $476,000May: $475,995June: $485,000 New Listings:April: 1,957May: 2,141June: 1,875 Median Days on Market Until Sale:April: 12May: 12June: 13 Months Supply of Inventory:April: 2.2May: 2.4June: 2.3 What does "Months Supply of Inventory" mean?

Cleveland is one of the most popular markets on this forum.