I’d say it depends on the strike price:A- basically turnkey, pay out the nose, appreciation play, break even or negative cashflow B- “cosmetic “, still low equity, some or no cashflowC- “needs work”, some equity but if it’s SFR not that sexy, .8-1.3% cashflow D- distressed, equity gets eaten up in repair but might get 1.3-1.5%You have to take into account any financial motivators, liens, concessions, the neighborhood, schools, taxes....Find the best value in an emerging market.

Not my own but happened to my CPA who runs a successful private firm:Her daughter (teen) allowed her boyfriend (teen) to drive her car which was in CPA's name/insurance.

Well if you go to my website you can see I am a super sexy dude with a brain 3 times the size of your dogs, kind and awesome eager to make a deal with you.

In fact it's rare that anybody even touches on these anymore because they're not sexy, but they are required if you want to achieve success in this or pretty much any business. 

Yes of course your ROI won't look as sexy on paper but it's a give & take, which you get or you'd be looking for $30k properties.For Cleveland specific research I'd check out The Ultimate Guide to Grading Cleveland Neighborhoods.

Haha you think you're pretty sexy, don't you @Bill Regan!

Real estate is sexy… most of the time.

@Ryan Evans...Vegas is "sexy" for a lot of people. 

It's not the sexy part of the job, but there are a few very key benefits of it.

If you are not adding value with direct owned real estate, you will get higher returns with passive investing in syndications (IRR in the mid teens).You find sponsors and offerings by networking...here on BP (it's why I have 1700 posts), listening to podcasts, REI meetings, some registered investment advisors have them, crowdfunding sites.