Sorry, I'm not buying this story.From make-ready's.

Once you do get buy something, be sure to look at a cost segregation study for the property.  

Highly recommend you DM @Samuel Eddinger and buy him lunch to pick his brain!

In many markets section 8 is higher than market rate. and investors need that extra return to mitigate the risk of sec 8 tenants generally speaking.

I've got a good amount of contractors I use for our long term buy & holds with heavy reno's up front. 

. $220,000 is definitely a lower purchase price amount and really limits you on what you can buy.

You can offer to buy the upstairs residents an area rug, but I wouldn't force it on them.   

Would also love to connect with experienced Cleveland rental investors.Much Thanks Cleveland is one of the few markets in the USA where buying stuff with the 2% rule is still feasible in 2023.

Hey Somesh,I was wondering if you ended up buying a property in Cleveland and if so, how it’s going.I’m also from Toronto and looking to invest in Cleveland.  

@Christopher HeidrichRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?