For example a 6 bed rents for $4K but two two bed units might rent for $5K total.

Thank you @Jimmy Lieu, I totally agree Columbus is a fantastic market, and that's why we grew our portfolio there and are still growing it!

Total loan is $500k so the other $400k comes from other investors.My husband invested in a note with Aloha last year as a trial, and unfortunately that one went into default a few months later.

I totally agree with the idea that local markets offer better value in the long run that cheaper out-of-state markets.Finally, Just because an experienced property manager would not do a house hack or purchase a small multifamily property does not mean it would not be a good fit for you and your situation.

As already mentioned, FHA mortgage insurance would most likely be higher for you than conventional, plus you have the upfront mortgage insurance that would be added to your total loan amount. 

Good suggestions above.I would research the labor cost of a total resanding and recoating. 

Update again: Notice sent and they're packing up their stuff to leave today.

For seller financing deals, I show sellers the interest earned over the life of the loan and total proceeds from the sale. 

Structural engineer is definitely first step as Mason mentioned.It totally depends on liquidity, risk tolerance and time.

44 - What type of ductwork, and what total length?