Lance If you're looking at Cleveland the 1st place you want to start your research is going to be reading The Ultimate Guide to Grading Cleveland Neighborhoods.

Note that you may have more tenant-to-tenant issues to deal with though.As with any real estate investment, you pays your money, you takes your chances :)

I recently started an LLC and began my real estate investing and have been looking for a well-versed CPA to guide me.Thanks a bunch!

How did you find this deal and how did you negotiate it?

I have been looking at deal machine and propstream.

It's definitely not a final deal yet, but I wanted to see if anyone has general gauge of the rents in the area.

This extra payment deal is for consumer/homeowner that will spend all the money he has available on cigarettes, beer, etc. so he “fools” himself into “painlessly” saving money by building extra equity in his one big “investment”.A professional investor should NOT need to “fool” themselves into “forced” savings.  

I found this deal through my PM.

I still think I got a really good deal on the work.

What made you interested in investing in this type of deal?