You need to figure out your goals and your risk tolerance...

It all depends on what your risk tolerance is and comfort level.  

It depends on your risk tolerance and of course rates on your loans and making sure you have the reserves you need to pay the monthly payments if you do invest.

We all have our own risk tolerance but i'm afraid this one will not end well, unless of course you're properly reserved to withstand a storm (That will come because they always do).

I would think hard about what your long-term goals are, your risk tolerance, how hands-on you want to be, and what markets you already have some type of connection in before you decide on a market. 

The metric I would suggest you focus on is debt to equity ratio, and depending on your risk tolerance when interest rates go down, taking out more equity accordingly.

First and foremost when looking at Cleveland you've got to determine your pain tolerance.

If I start waking up at 3am on regular occasions, I might consider taking it up to that higher level, but as long as I keep the stress levels with mortgages within at a tolerable threshold, I don’t really care how many months I pre-pay.

It really depends on your investment objective and risk tolerance.  

Depends on your team and tolerance for risk.