30-year fixed DSCR Nice! 

In that area you're looking at average rents in the $1,200 - $1,300/mo range unless this house is extremely nice.

Not many people are given such a nice pile of investment cash. 

Although the Ohio Building Code states the basement bedroom is a bedroom, the appraiser did not count the basement as general living area (GLA) and did not provide much value, if any, for the additional nicely refinished space.Does anyone have a recommendation how to overcome this barrier?

I would appreciate that, would be nice to be able to ask a few questions. 

Or would you just fix it up nicely and rent it out as it is?

Both are super nice people easy to talk too I’m just not sure if they have minimum size  def worth a call!  

Maybe if you really like these guys and their work...and feel that they honestly got in over their heads, you could throw them an extra $500 just to appear 'nice'.

(this covers a lot of ground and serves as a nice framework)

I made above market rate rent over 2 years and I vaguely can deduct how much they grossed and they were probably negative cashflow a little as the business became less lucrative but with all the nice furniture they invested, it should be either breakeven or lost money.