Long term rental opportunities for OOS

[Hiyun Park]

I'm interested in researching Cleveland market for long term investment and potentially Section 8 rentals as an OOS investor.  (SFH <$150k or Duplex/multi <200k in C neighborhoods) w cash flows and appreciations

Looking forward to learn more about:

- Narrow down to a specific zip codes/neighborhoods

- Experienced real estate agents with OOS clients

- Inspectors who can provide detailed videos and pictures as I won't be viewing the property in person

- Lenders experienced with investor friendly loans

- Reliable property managers experienced with OOS investors and Section 8 rentals

Appreciate your insight and looking forward to connecting! :)

[Melissa Justice]

@Hiyun Park,

Hey Hiyun! If you're exploring long-term real estate investing with Section 8 potential, Akron and Canton, Ohio are fantastic markets to consider and just outside of Cleveland, especially for out-of-state investors looking for cash flow under $150K.

These markets offer:
Affordable pricing: SFHs under $100–130K and small multifamily under $180K are still widely available.
Strong rent-to-price ratios: Many properties cash flow well even with conservative financing.
High rental demand: Especially for well-maintained units that qualify for Section 8.
Investor-friendly PMs and contractors used to working with out-of-state owners.

Tips for narrowing your search:
In Akron, start looking at zip codes like 44306, 44310, 44320, and pockets of 44305.
In Canton, check out 44705, 44708, and 44710 for stable, working-class tenant bases and manageable rehab needs.
Focus on C/C+ neighborhoods for the best balance of affordability, tenant quality, and long-term stability.

What to line up as an OOS investor:
Investor-focused property source providers with boots-on-the-ground experience in Akron and Canton.

Inspectors who will send detailed video and photo walkthroughs.

Lenders who offer DSCR, conventional, or portfolio loans tailored to rental properties.

PMs experienced with Section 8, especially those who stay ahead of annual inspections and understand voucher trends.

If you'd like help getting connected with local vendors or want deal examples to analyze, feel free to reach out. Akron and Canton are both very viable for your strategy!

Best of luck!