I also like that it is close to a school.  

I like Salem.

You will not find them in Pittsburg, they are more in rural areas, away from cities like Pittsburg.   

Investors can benefit from steady rental income, especially in high-demand areas like Midtown, Corktown, and downtown Detroit.

Who would have thought Intel would crater like this.. ??

Likely the reason it cash flows on paper is due to a very large construction component that you might be underestimating.

@Jessica Privitera welcome to the forumns, sounds like you will have a lot of value to add here and help others along their own journey.What was the driver behind the move from NY to TN?

@Sankalp GoduguIf you are looking in the Columbus market I recommend areas like Hilltop, Linden, Eastmoor/ Whitehall, and Franklinton.

I own one rental house in Cypress, but with the current market I have not been able to find another existing single family home to buy that looks like a good investment. 

(I also don't understand how you have a hard money loan with a rate of 7.25%...)offering an equity position that you then buy out in just a few years seems like way too much complexity and risk when you say you just need 30K.