Out of state investors typically come to the Cleveland real estate market because Cleveland, Ohio has an abundance of Section 8 properties that can be purchased for pennies on the dollar. For some long distance investors, all of the drama that comes with Section 8 investing in low income neighborhoods in Cleveland doesn't look appealing. Many investors don't want to deal with tenants from hell who damage their rental properties and need to be evicted. For those investors, spending a little bit more money to buy B-Class rental properties that come with a more stable tenant base is probably the best investment strategy. Subscribe to HoltonWiseTV for more information on investing in the Cleveland housing market.
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