I am from Cleveland and currently have four rental properties there. East Cleveland is considered a D/F area. I would not recommend that area to Out of town investors. The greater east side area of Cleveland does have some nice areas though.
@Jose Baeza Welcome to BP. great place to get some inside info on different areas.
if you are referring to "East Cleveland" as in the Republic of East Cleveland, keep out!
The city is broke with very limited police and fire. They also have a point of sale that really serves no purpose since most of the houses are boarded up and half burned down. LOL! Really look for them to get taken over
from another city in the next 5 years.
If you are talking about the east side of Cleveland, it is depressed, but you can buy cheap, rents are high and you have the support of Police and fire from the City Of Cleveland. No point of sale, and plenty of tenants to choose from.
With that said, you can not just turn a manager loose over there and hope for the best, you will need to be involved with staying on top of your deal.
So in short, a little more effort, but nice returns.