I'm new to investing in rental properties, and i'm looking for good rental investments . To start with I'm looking to invest 40-100k in cash for a multi-family unit/apartments. I was looking at Cleveland, OH as rental yield seems to be good (14.67%). 

Are there any good neighborhoods that i should look into ? 

Also can you recommend any good property managers who are easier to work with. 

What is the occupancy rate that i can expect ?

Originally posted by @Vinoth Amar :

I'm new to investing in rental properties, and i'm looking for good rental investments . To start with I'm looking to invest 40-100k in cash for a multi-family unit/apartments. I was looking at Cleveland, OH as rental yield seems to be good (14.67%). 

Are there any good neighborhoods that i should look into ? 

Also can you recommend any good property managers who are easier to work with. 

What is the occupancy rate that i can expect ?

With a lot of our investors looking at higher unit counts (above 25 units) we have seen a lot of great opportunities in several tertiary markets. As we predominantly work with out of state investors, we've worked hard to think outside the "MLS box" to find properties that meet our investor's criteria. One of then biggest is unit count as it makes more sense to have more tenants with a property manager in place no matter where you're investing from but even more so if you're an out of state investor.

Originally posted by @Vinoth Amar :

I'm new to investing in rental properties, and i'm looking for good rental investments . To start with I'm looking to invest 40-100k in cash for a multi-family unit/apartments. I was looking at Cleveland, OH as rental yield seems to be good (14.67%). 

Are there any good neighborhoods that i should look into ? 

Also can you recommend any good property managers who are easier to work with. 

What is the occupancy rate that i can expect ?

 Welcome aboard Vinoth. When looking at Cleveland rental yield to price point is only part of the story. We have a wide range of assets & neighborhoods here. Some are great others are incredibly high risk. For more info on this check out The Ultimate Guide to Grading Cleveland Neighborhoods.

@Vinoth Amar

If you chase high ROI or (rental yield) in Cleveland, there is a high possibility that you will end up in the wrong neighborhood and lose tons of money. Look at lower yields in nicer neighborhoods and you will win over time in the Cuyahoga County area.

@Vinoth Amar You've received great advice from @Kristopher Hanks . Looking at the highest ROI often leads you to warzones. It's a paradox and bit like getting a loan: The bank only wants to lend to people who don't need the money (billionaires). The people who really need the money (non-billionaires) have to jump through multiple hoops.

I would also urge you to reconsider the precision with which you are quoting #s - 14.67%. Nobody, in any market, can quote you with that much level of accuracy. 

Don't look @ the return #s only but also understand the risk that goes with higher ROI (higher ROI on paper only, not in actuality) properties. There is a reason why blue-chip properties in NY, LA or Boston will always be in demand even though they might yield less income (on a % basis). They are higher quality properties with a higher quality tenant, on average, who will pay the bills on time (mostly) and not cause headaches.

As an out of state investor, your biggest impediment to success is smooth functioning of your assets. Read up on the horror stories on Morris Invest on these forums to realize that chasing these high ROI properties is a very risky proposition (esp. when you're out of state).