Help Analyzing Cleveland Properties

[Lesley Ray]

Hello,

I'm currently analyzing deals for my first purchase in Cleveland (Gordon Square/Ohio City/Hingetown areas) and my cash flow keeps coming back negative. 

I'm turning to the Bigger Pockets community and hoping someone is willing to help me out! Would anyone (preferably with experience in those areas) be willing to review my BRRR analyses to help me understand if I'm doing this correctly?

Any advice or suggestions would be greatly appreciated!

[Michael Swan]

Hi @Leslie Ray,

I have 122 front doors in Lake County, Euclid and Akron.  I would not invest in a single family in this area unless it gave me $300.00 cash flow.  I can help you and I don't make money helping you.  I invest and that's all.  I have nothing to gain.

Take care,

Swanny