Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

You can make deals right now but everything we see requires strong negotiation.

Without population growth, your rental income will lag behind inflation, requiring you to find additional sources of income.How long your rental income lasts depends on the job growth in the investment city.Non-government jobs are inherently temporary.

 - flipping is a job, stop flipping and stop making money.  

The seller and their agent hopefully did a good job communicating with that tenant to set expectations.

And while it is not your job to be an expert loan officer, it certainly helps to avoid these situations. 

Also your permitting process, type or land, grade of land, if underpinning is required will all play a factor into your cost. 

The macroeconomics for Columbus Ohio are on fire especially with population growth, job growth, and companies moving/developing here so there's amazing appreciation as well.

Don't change jobs or income yet.Once you do and you think you can manage the payments based on your new income, maybe once you get the rooms rented.Then if you want to switch there are plenty of opportunities. 

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