If you can find one its Millions of dollars since those types of spaces ar3e close to beaches here. 

Live in one room, rent the other three for $2400-$3000.

Another option is moving out of your place and doing a house hack.

I’ve been searching for a form or contract I could use to recast or modify the terms of a loan that I seller financed a few years ago, with the intention of lowering the monthly payment for the borrowers and extending the repayment timeline.

The internet makes the world very small.As far as buying out of state, one challenge I did not see any other replies mention is your occupancy. 

I'm with Nathan on that one.

Quote from @Brandon Croucier: That’s a killer loan if they are actually offering that.Seems extremely below market value as even primary mortgages are higher than this right now.I would beware of a bait & switch on this. 

I never used it but I would search for a group that has a count of 16. 

Keep in mind that some of these C class areas in Columbus your pro forma will look better but you should be running a higher expense ratio. 

If you're doing FHA, I'm sure you know you have to live in one of the units.