If you go forward, make sure they handle all maintenance & repairs on the property too because these organizations typically have in-house staff..Snaking toilets, repairs, grass cut, snow removal, paint...Make sure you're covered with insurance as well. 

Take a closer look during due-diligence for appliance hookups and what type of animal/insect droppings are around.

We recently downsized/ optimized our portfolio to less units in better locations closer to our primary, and I couldn’t be happier about that.

If your rent would be somewhere closer to 1% of the replacement value, the long term capex picture would look differently, but that's obviously not realistic in the Walker Square area.I know this is not what you want to hear, but case in point at one of our workshops I had an investor who has owned a sizeable D-class portfolio for almost 40 years, self-managed, self-repaired, re-leveraged to pay for capex - and he said he has basically nothing to show for in terms of retirement, so he has to keep working it.Food for thought.

This is accurate but I would really like to emphasize that "private lender" has become the best name for DSCR Loans as well which really should be distinct from Hard Money Loans - DSCR Loans (from private lenders) are much closer in form and rate to non-QM and even conventional than hard money.We for example would consider ourselves "Private Lender" with "DSCR Loans" for turnkey rental properties and "Hard Money Loans" for loans requiring rehab for a flip or BRRRR. 

My dad broke up the concrete in just a few locations so water could seep through and drain into the soil, then filled the pool with the cheapest stone and clean soil locally available, then planted grass.

I’ve heard a lot of positive things about Columbus OH  look at land and ground up not existing. you can get better locations. don't let the columbus biggerpockets agents put you into south linden or hilltop when you can get closer to downtown and better markets like Franklinton, near east, southern orchards, etc 

Normally you will see the rate closer to 8-10.5%. 

The “grass is greener” psychology is strong on BP and the irony can be rich at times.

Obviously the closer you get the to coast lines and to resort areas the higher the price points get.If I had 80k and I was digging into my HELOC to get it, the most capital I'd want to tie up in one deal, the first deal is 30k - 40k max.