This is a two-sided beast. 

The cost shouldn’t be double what a duplex is, but should likely be less per unit.

Sounds like a great plan. 

If that isn't the issue, the next most likely issue is an underground leak. 

If you achieved this by paying all cash, then you are losing money. 

I wouldn't touch anything outside the urban core. if your strategy is to buy existing and old I'd recommend not to. as a newer investor depending on your liquidity look at build to rent development. building investment properties below market value by 25% and refinancing out of it to do it again. the urban core has tax abatements as well that are 15 years right now you can apply for. that means that taxes will be around $600 to $800 per year. there's cash Flow but the existing inventory market dried up a few years ago in the urban core. local realtors are going to push you to the trash areas like hilltop, south linden, etc because it's the only place numbers work. columbus is great, but remember a tenant who pays $1800 a month is different than a tenant who pays $900 a month. let me know if I can help any other way! 

Please Note: I want to first discuss the calculations first, and then discuss the likelihood of this.

I can't imagine they would cancel your loans like this other lender has unless they had cause.

Rent: $1,968 (as of Jan 2025) Excited for this new outdoor destination?  

This is when I go out and value newly vacant REOs.