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Toledo, Ohio is #3 in the nation for buying single family rentals.

RealtyTrac developed a list of the 20 best markets nationwide for purchasing single family rentals by analysing median sales prices and average rental rates for 3-bedroom homes and using that data to calculate capitalization CAP rates and average cash flows.

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Why are the Chinese investing in Toledo?

Faced with a looming real estate bubble in their home country, speculators from China are turning to Middle America.

FORTUNE&#45In March 2011, Chinese investors paid $2.15 million cash for a restaurant complex on the Maumee River in Toledo, Ohio.
Soon they put down another $3.8 million on 69 acres of newly decontaminated land in the city&#39s Marina District,
promising to invest $200 million in a new residential-commercial development. That September,
another Chinese firm spent $3 million for an aging hotel across a nearby bridge with a view of the minor league ballpark.

The investors have framed their purchases as a gateway for further investment opportunities in the Midwest.
The newly sold hotel is about an hour&#39s drive from the Detroit airport, and on its website, the hotel&#39s purchaser,
Five Lakes Global Group, advertises Toledo as a &#34 5-star logistics region &#34 with access to Cleveland, Columbus, Dayton, Chicago, and Detroit.