Ohio investors: recommend a market for low-cost house landlording
Hi, I'm looking to become a landlord for section 8 D properties in the $10,000-$20,000 range. Single-family residences only (2/1, 3/1, 3/2. With section 8, multi-units can cause accountability problems).
Appreciation is nice but not the main focus. My real concern is crime, and I know when shopping in this price range, neighborhood and even street-level selection is paramount.
I should also mention I do not plan on remote investment – I'll be relocating. I'm fortunate not to have family related concerns and can live anywhere.
To the Ohio investors, can you recommend, or warn against, the major Ohio markets? Here is my current ranking based on MLS deal volume:
1. Akron
2. Toledo
3. Dayton
4. Cleveland
*Cleveland actually has more listings than Toledo and Dayton, but those other two have a better "deal per capita" ratio.
I'm interested in any local advice you have for me, thank you for your insights!