I have 3 individuals renting a condo together that is 3 bed 3 bath.

market rents/cost to aquire What was the outcome?

None of these communities will be changing to residential neighborhoods, although a couple do have residential 'sides' that full time residents live in and can not be rented short term.Two of the big communities that you will have some issues with self managing are Reunion and Margaritaville.

LTR and MID term are hot now as well, we have more people that want houses than houses to rent to them.  

At the average rent point of Columbus ($1837), I believe the 50% rule is aggressive and your expenses are likely to exceed 50%.https://www.neighborhoodscout.com/oh/columbus/real-estateThe long term appreciation (this century) is average (3.84%) for the US but good for Ohio. 

Its still uncertain as to how well BAM will handle the current environment with higher interest rates and slowdown in rent growth. 

Purchase price: $240,000 Cash invested: $39,000 Sale price: $342,000 Held property for 3 years and rented out the property for 2 years with a rental profit total of $22100 How did you finance this deal?

I've been buying and renting here since 2009, the deals are hard to find these days but definitely out there!

And how much would you have to spend in order to get market rents?  

Took about 2 weeks to get the property rent ready.