Fl investor entering Cleveland

[Michael Rand]

Hey all, Mike here from Florida. I'm planning to spend the next year or so building out a small rental portfolio in Cleveland — duplexes, BRRRR style — and I'd really appreciate any wisdom from folks already operating there before I start writing offers.

A couple things I'm trying to get smarter on:

Real rehab numbers in Cleveland right now. The national averages I keep finding online don't seem to line up with what people actually pay locally. If anyone's spent money on any of the below in the last year or so, even rough ranges would help me a ton:

• Roof replacement, architectural shingle, around 1,500 sq ft
• Kitchen — cabinets, counters, appliances
• Bathroom — vanity, toilet, tub/surround
• Furnace and AC swap
• Electrical panel upgrade
• Knob-and-tube replacement
• PEX repipe
• Vinyl double-hung windows
• Full interior paint
• LVP flooring installed

Honestly even ballparks are useful. I'd rather underwrite with realistic numbers than learn the hard way after closing.

The other thing I'm working on is putting a team together. Looking for:

• A GC who's comfortable working with an out-of-state owner, 
• DSCR lender for cash-out refis
• Investor-friendly agent
• PM with Section 8 experience

Any other advice for an out-of-state investor would be welcome too. Happy to return the favor on Florida deals or grab a coffee next time I'm up there.

Thanks — Mike

[Robin Simon]

Hi - we can definitely help with the cash-out Refis, have some great low seasoning options and up to 80% cash-out option too. @Zach Edelman