Three main areas; I removed three walls and replaced with proper lvl's and support post's according to IRC and AWC tables and charts, turned a 2nd floor attic into liveable master bathroom & walk-in closet and expanded the adjacent room for a bigger master bedroom, and got rid of a bedroom floor above the family room to turn family room into 2-story ceiling height.

For example, the chart below shows the total cost basis of $2,000,000 less land and other non allowable cost items of which creates a DEPRECIABLE tax basis of $1.4MM which creates an annual depreciation amount of ~$51k.

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

Airbnb market is bleak. not much adds up at todays rates and prices. and rental market has dried up, minimal demand, nothing compared to last year which was off the charts. we are doing ok because we got a killer in 2016 so our mortgage and rate is low, so we can keep rates affordable and rent it every weekend. 

See the chart below.

I'd be happy to connect if you wish to know more. totally disagree. this isn't super fancy but from the data I can find (this is a 3 year home value chart from Redfin which is pretty accurate and the best data aggregator I've seen) and it shows that Cleveland actually isn't "steadily increasing".

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

@Hamidou Keita Detroit is one of the best cities in the Midwest for investors, see chart below:Regarding, your first property, we've helped many OOS investors get started in Detroit with our logical approach to invest wisely and avoid critical mistakes.

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

It is expensive and I know a couple of large investors that just stopped doing it because the cost was just off the charts compared to marketing to absentees & owner occupants.