First housing purchase yes...but if you didn’t buy it with an intention to invest and produce income for you, no.

I am interested in buying and holding and buying, renovating and holding SFRs and small multi-family investments in the Cleveland area to produce passive income. 

It took me one minute to find 4226 W Highland Blvd which is half the cost, fully renovated, 100% occupied, and producing twice the income of your proposed purchase.

Cash flow may not be as strong for turnkey depending on how much you pay for the property.. on the other side of the coin rents should produce a higher premium per month... 

Low price compared to a city 4-unit and produces pro forma income, i'm just fearful you may have trouble managing this place long-term. 

The report claims the reason behind the deaths is that roads are still being designed without pedestrians in mind, producing streets that "prioritize high speeds for cars over safety for all people."

The only way that we can stay in business and offer the level of service that we do is to ensure that we are managing stable, income producing homes in above median neighborhoods and rent ranges.Personally, my most successful investors have managed properties at some point.

The book keeping and taxes get messy since (eventually) the house will be producing income into my personal bank account.2.

For a newbie... the best advice I can give is to go and work for a top producing agent so you can actually learn the business (and get paid while learning).Most brokerages just through you into the pond and you'll either sink or swim (and most sink).

They will be looking at the numbers to see if the property will produce the income required to repay the loan etc.