Cleveland Investors — What’s Your Biggest Challenge When Rehabbing a Rental?

For those buying distressed or value-add properties in Cleveland, where do you find things tend to go wrong most often?

Is it accurately estimating the rehab before closing, finding reliable contractors, staying on budget, managing the project from out of state, or getting the property rent-ready quickly after renovations?

Working in property management, I see how much the renovation side can impact the performance of the investment once the property actually hits the rental market.

Curious what other Cleveland investors are experiencing right now. What’s been the biggest challenge for you?