SIL does not make enough to pay the rent on her own and before this experiment in eldercare, was in a 1 bedroom apt (C+ nab).If SIL insists on staying there are going to be some months of non-payment and she was never the best house cleaner so she may will leave a mess if things don't go right.So if she were your tenant, how would you want this to go? 

@Michael C Gregory@Mark HolencikOkay, so you have convinced me not a good idea. lolVery good points there, thank you!

I'd recommend you look into buy and hold investing in B and C class properties if you're looking to invest in the Cleveland area remotely.

Thanks.Michael C.

The money was given via a trust for us to purchase a property and invest it @Kathy C.

And I want to get maximum leverage (let's say 75% LTV), is the finance company going to care if the houses are class C properties in the Midwest versus class A and B properties in the Ft.

He had a house (3 bed/2 bath) in Newport, KY (C to C- neighborhood, but very close to bars and restaurants where young professionals want to be) and the house itself is in good condition with some modern/nicer features.

Thank you @Tiffany C.

It has since evolved into a home grown solution (mostly in C/C++).  

B, C, D?