Huston, TX compared to Columbus, OH from a google search. 

When looking at rents, make sure you are comparing units in similar areas and conditions. 

It seems to be a good way to diversify my investment portfolio if the numbers make sense compared to other asset class options.I can't buy in my current market, so I'm looking for more affordable options out of state.I was curious about people's experiences using turnkey real estate investing solutions, and if anyone recommends a different tool.Thanks!

Maybe I should read a little closer, but if you aren't physically doing the work, why wouldn't you just let their construction company do the work if they are still going to split 50/50, (unless of course they charge too much, compare their price to your GC's estimate).

In a similar fashion, if you can imagine how much landscaping and underground infrastructure is in a golf course as compared to the clubhouse, that will give an indication of why an extremely high percentage of the property's value is allocated to the land improvements. 

May I know what are advantage, disadvantages of master leasing compared to traditional property management?

* very easy to file appeal and not too hard to get assessments corrected here compared to other regions?

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Yes, that's far more attractive when you consider leverage (e.g. a mortgage), but when you compare it to Cleveland (4.79%) or St Louis (4.49%), it's not all that great.And when you look at Detroit at a whopping 16.73% CAGR, Columbus is absolute peanuts.In short, if you're looking at Ohio markets you would be remiss to not also consider Detroit.

Getting a full, locked loan estimate is the only way to truly compare the two.