The higher depreciation deductions that a CSS will give you and applying that to your taxes might have an impact on your financing (or more precise with whom you are doing your financing) as it might show on your tax report as not making any money or, worse from the perspective on financing qualifications, as losing money with your rentals.

A great broker should be able to price this building more precisely, and not only take photos but actually help prepare it for market.

I know the price of the property and I can precisely estimate the expenses.

If it's true what your saying, holding is absolutely out of the question for sure and is precisely why I started this thread.

A more precise way to word this would be that a primary residence does not generate cash flow upon which one can sustain early financial freedom. 

I bought at precisely the right time for cash and it cash flowed beautifully.

@Mann Phan This is precisely why I decided to only invest locally.

But like Patrick points out, each city has their own processes and some have point of sale violations, and Cleveland is supposed to start doing this in the fall, so the best thing you can do is to find an experienced agent / broker who can help navigate these issues with precision and ease!

I recommend being as precise as possible e.g. choose a market if you haven't already.

This is precisely why it is so effective when optimized properly: The type of seller we target is in their 60's or older.