You'll normally need close to 2% rent to ARV to comfortably cash flow in Cleveland with the BRRR method due to the property taxes (based on your 20% capex & maintenance reserves).

You will find that it's common on BP to recommend that you don't hang onto no-mortgage houses just because they cash flow nicely that way.

What I mean by that is they pay their rent on time and I get no maintenance problems.

You’ll find these have identical layouts, making it very easy to renovate, easy for maintenance, and the basement can become storage and laundry for extra income.

Lower maintenance costs than apartments.

@Josh Caldwell, It's commonly called a consolidation exchange. 

IE take out every thing down to the studs.. ( not common but has happened..)

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

It moves and breaks and is a really common problem to have to fix. 

Some common reasons: Basements: ground is sloping toward the building, no gutters, poor soil, high water table, leaking pipes below the foundation or near the foundation.