8/4/25

Flipped This $35K Cleveland Home Into a 7-Bed Rental—High ROI, Real Impact, Zero Gimmicks

What do you get when you buy a bullet-riddled property for $35,000 and turn it into a 7-bedroom rental success story? In this episode, Richard Wayland teams up with Dulce Garcia and Michael Farrington to share the full renovation journey of one of East Cleveland’s most remarkable real estate transformations.

From unexpected repairs and code violations to city collaboration and a surprise visit from the mayor, this episode reveals what it really takes to invest ethically, profitably, and with purpose in underserved communities.

What You’ll Learn:

  • How a 4-bed home became a 7-bedroom rental

  • Renovation strategy that maximized Section 8 rent to $1,800/month

  • Real challenges: budget blowouts, theft, and tenant transitions

  • Why working with the city creates long-term success

  • How this $70K all-in project became a case study in doing it right

Whether you're a new investor or a community-minded buyer, this is proof that smart real estate isn’t just about profit—it’s about impact.

Want to get involved or learn how to invest with us? Contact us.

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East Cleveland’s Future: Sandra Morgan Talks Business, Legacy & Her Vision for Change