That is something cash for keys should be the first thing to do! 

Work on your numbers - calculate potential cash flow and ROI.

Cleveland is one of the best cash flow cities in Ohio, but it can really go neighborhood by neighborhood and block by block in some areas on the east side, so you really want to lean on that expertise from your local agent / broker.  

My suggestion to any one that are first time real estate investor in fix & flip, or planning to hold property for rentals, is to learn or read, understand about real estate financing first, build your assets and network or partner withsome has completed some projects in fix & flip and has some rental properties with positive cash flow within your immediate area before dving in to any project by youyrself.

You have props, buyers, cash? 

If you don't cash flowing will be harder. 

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

Stessa calls it a "Cash Management Account". 

Cash flowHow did you find this deal and how did you negotiate it?

The cash flow can appear good on garage conversion ADU additions, but the value being added by ADU additions in SFH areas is even lower than this amount.